The oil situation in the world is very tense at the moment. Fears of another wave of coronavirus are keeping demand globally down.
This can be clearly seen on the chart and we can say tacitly that the trend has reversed. The price has broken the trend line and has now broken the support at $65. It is very likely that oil will go lower to the marked area. Sell on a retest of the $65 level!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
This can be clearly seen on the chart and we can say tacitly that the trend has reversed. The price has broken the trend line and has now broken the support at $65. It is very likely that oil will go lower to the marked area. Sell on a retest of the $65 level!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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