Crude WTI Oil (Saudi Prince tanks the oil price for security)
View On WTI Oil (9 MAR 2020)
This is not a decline. It is a Crash.
Does your account get hit badly?
It is time to take trading seriously and learn the importance of Risk Management.
No systems (or) No Guru is 100% right all the time.
That's why we always say "DYODD".
The oil price may find some support near $25 region. Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
This is not a decline. It is a Crash.
Does your account get hit badly?
It is time to take trading seriously and learn the importance of Risk Management.
No systems (or) No Guru is 100% right all the time.
That's why we always say "DYODD".
The oil price may find some support near $25 region. Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Comment:
Update on WTI Crude Oil (25 MAR 2020)
It is trying to do some recovery play but please be aware that we have yet to see a strong moment just yet.
In the nutshell, it could drift up a bit higher first.
It is trying to do some recovery play but please be aware that we have yet to see a strong moment just yet.
In the nutshell, it could drift up a bit higher first.
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The crash has occurred and the damage is done.
It is quite unlikely that the oil price will not go below $20
I reckon the market overreacted.
It should hover above $30 for now.