Just a brief breakdown of the recent Oil decline. Recently broke below the $30 mark which saw price retest this for resistance and continue to sell off.
I believe that we can see more downside on Oil and will be a confident buyer at $25.13-$23.61 and $17.63-$16.11
Great zones there for buying Oil which are the only 2 key supports that I see now that we are below the $30 mark. I expect further downside.
I believe that we can see more downside on Oil and will be a confident buyer at $25.13-$23.61 and $17.63-$16.11
Great zones there for buying Oil which are the only 2 key supports that I see now that we are below the $30 mark. I expect further downside.
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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.