West Texas OilLong
Analysis of the downtrend of WTI OIL and targets
Updated
Oil prices are constantly falling due to the deterioration of the corona !
After breaking its daily trend line, which was formed in March 2020, the price has again emptied the volume in a negative direction and is coming down !
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After opening the market, if the price breaks 61.60, you can enter the sell position with the targets of 60.40, 58.00 n 55.00
After breaking its daily trend line, which was formed in March 2020, the price has again emptied the volume in a negative direction and is coming down !
.
.
After opening the market, if the price breaks 61.60, you can enter the sell position with the targets of 60.40, 58.00 n 55.00
Note
The price could not break the 61.60 area! And then it moves sharply upwards and breaks strong resistances!We could take a buy position with a profit margin of 69.60.
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