Oil on a SLIPPERY slope (pun intended) ;p
December 2014 was the last time oil price was higher than 77 so for me price was not going to break this level especially in this current economic climate, so i sold at 77 and i am holding, next target is 67 support but i also think this level will break and bears will keep pushing price down as more lockdown and travel restrictions come into play this winter!
If you are buying oil at the moment then i would think twice and maybe try to get out because all the things i have stated above will push price down considerably. I am not a conspiracy theorist, just reading the facts that are clearly stated by the WEF and WHO for people to read, but most people couldn't see what's happening if it hit them in the face.
Hope this analysis has helped, remember only place a trade if your analysis lines up with mine, do not trade blindly on someone else's analysis.
If you are buying oil at the moment then i would think twice and maybe try to get out because all the things i have stated above will push price down considerably. I am not a conspiracy theorist, just reading the facts that are clearly stated by the WEF and WHO for people to read, but most people couldn't see what's happening if it hit them in the face.
Hope this analysis has helped, remember only place a trade if your analysis lines up with mine, do not trade blindly on someone else's analysis.
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