Short term (days): long to neutral.
Long term (month+): still in declining channel. Short
Long term (month+): still in declining channel. Short
Note
Think oil can't go below $20... Check this active chart of profitability of oil nations base on bbl price.Slider at top
economist.com/blogs/graphicdetail/2016/01/daily-chart-6
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Related publications
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.