Midterm forecast: . While the price is below the resistance 43.60, beginning of downtrend is expected. . We make sure when the support at 30.85 breaks. . If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: . There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08...
Midterm forecast: . While the price is below the resistance 43.60, beginning of downtrend is expected. . We make sure when the support at 30.85 breaks. . If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: . There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08...
Midterm forecast: While the price is below the resistance 42.90, beginning of downtrend is expected. We make sure when the support at 30.85 breaks. If the resistance at 42.90 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the...
Midterm forecast: While the price is below the resistance 42.90, beginning of downtrend is expected. We make sure when the support at 30.85 breaks. If the resistance at 42.90 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the...
Opec meeting is coming. OPEC countries are expected to increase the oil supply in the hope of the demand is getting better. We might see drop in oil price to $35.
im looking for the price to move lower (with 3drive )
- Oil has stopped its massive downtrend - now pushing higher. Is the worst behind us? - Fundamental outlook is slightly more bullish given a number of countries moving out of severe lockdowns - this will help drive demand and sort out the oversupply. - Technically we have crossed the downtrending median line and we have targets at the upsloping median lines....
I changed my position on USO. I think it's going below last low and headed for a double-dip. Big institutional players always want to take price to the next best liquidity and to me, the purple area I highlighted is the target. There's going to be panic down there so the selling will be massive which of course best time to buy long What do you think?
It's here, the massive collapse few experts warned about. Today, was proof that demand is much smaller than mainstream economists thought. Sure, June contracts are $21, but, that can change like it did today. From here, what can we expect with oil being at $1 a barrel? Simple. Massive closures of oil fields and oil producers going bust. Remember that oil...
Waiting to open a long term buy position on Crude Oil. Possible support levels: 23.6; 21.7; 20; 17.8