Comparision to Jan 2009, we found a bottom, just be patient
I guess we found our bottom on oil price like 35$ in 2009. The worst scenario is in price right now so I don't see the strength to push the price lower. Of course, there can be try to squeeze sl below 20$, but that's all.
It doesn't mean that it's going up right now, but seems to a long accumalation time, so if you are looking for a bottom with small risk, I think it's a good idea to buy and hold little longer.
https://www.tradingview.com/x/8g5H9i0V
It doesn't mean that it's going up right now, but seems to a long accumalation time, so if you are looking for a bottom with small risk, I think it's a good idea to buy and hold little longer.
https://www.tradingview.com/x/8g5H9i0V
Note
Note
Btw, I hear a lot of analitics saying it's going much lower. Yeah, but what they didn't say that month ago? Their words are good buy sign.Note
It's time to said that, I was wrong. Bottom is far beyond 20$.Note
15$ on July contracts and May contracts -40$, it's pure madness
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.