2019.12.24. Crude Oil Short

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Concerns over Oversupply.
*Energy Minister Rohbak's remarks that there is a supply glut

The possibility of additional production of 500,000 bpd remains in the near future

News of 30 oil refiners going bankrupt may limited the fall

There is no clear direction ahead and downward pressure is expected to prevail :)

Crude oil Short Strategy with resistances above and target zones depicted on the chart.
Thank you and Merry Christmas :)
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