dchua1969

Almost reaching the bottom

Long
dchua1969 Aktualisiert   
TVC:USOIL   WTI Rohöl CFD's
You can see from the chart that USOIL has two bottom - one in Mar 1986 at 9.743 and another in Nov 1998 at 10.66.

So, that is most likely the worst we can expect for oil to go down to unless it breaks this 2 level.
Read latest article on the plunge this morning

If you had not longed yet, just wait for the price action to stabilise else there is a chance of it revisiting those two support levels. Personally, I won't short either as the risk/reward ratio is not fantastic and it can rebound much earlier than expected , so I do not need this kind of surprises from the Market.
Kommentar:
www.cnbc.com/2020/04...torage-runs-out.html

Congrats if you have shorted it !!!!
Kommentar:
Never before, totally unprecedented. It reaches 0.01, oh my God! I can't explain. Why ? What it's happening to OECD ?
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