Get started

USDWTI

USDWTI I expect a correction to 30 ✔️ The price of oil fell 83.5% at the end of April 2020, which was the largest weekly drop since 1986. ✔️ Oil contracts fell below zero for the first time in history. ✔️ Daily global oil consumption fell from 100 million barrels to 65–70 million.   The range 29.10-30.75 is a strong support level. In this range are the weekly Call-boundaries of the market, the margin zone. I expect a correction to 26.50 and then a new growth cycle in the region of $ 35 -39.
FX_IDC:USDWTIShort
by CHOWTRADE
USDWTI 31012020PA is hover above 51.50 level & there are a huge demand zone down below 51.50 if PA continue to weaken and PA might continue to fall towards 48.00 level Price had fallen from 65.50 zone since IRAN-US potential war issue late end 2019 might see price to continue to fall below 45.00 if broken, critical support. World fundamental issue can trigger lots of emotion around investor and confusion, uncertainty... especially oil related sector. Will Coronavirus worsen and impact the trade activity between country? Will Iran strike back any given time this year? Will CHINA growth slow down meaning lesser shipping and logistic activity needed compare last year? Will Middle east country to continue cut oil production as promised? As long the demand of oil is low... price will continue to fall. Next is where is demand for oil?
FX_IDC:USDWTIShort
by fxpro86
USDWTI LONGHello guys, In this video i show why i see a long in WTI. Coming into this week i was only looking for shorts on oil and cad but with the opec meeting russia i am forced to review my bias.Oil has been extremely cheap and a course for concern especially with the demand coming out of china dropping at record levels.If i am not mistaken china makes up for almost 20% of the oil demand and with that out of the market you can see why opec definitely has to cut supply.I think they will either cut oil or all of a sudden there will be news reports of oil tankers getting attacked by unknown people.Either way i see a retest of the support and a shoot up to higher price levels in oil and cad
FX_IDC:USDWTI
by collinsweball