1- it broke the ascending trend line
2- trading under MA 100
3- strong negative volume
4- OPEC wont reach a deal at the end of the month as Iran is increasing its oil output
5- Trump promised that US will not need to import oil and it will increase its output
6- OPEC output registered its highest record in October
7- global glut and weak demand specially from china will add more pressure on prices
8- US Drills numbers are increasing
9- Strong dollar
10- long term target will be thirties
2- trading under MA 100
3- strong negative volume
4- OPEC wont reach a deal at the end of the month as Iran is increasing its oil output
5- Trump promised that US will not need to import oil and it will increase its output
6- OPEC output registered its highest record in October
7- global glut and weak demand specially from china will add more pressure on prices
8- US Drills numbers are increasing
9- Strong dollar
10- long term target will be thirties
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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.
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.