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Usdwtishort

USD WTI SHORTHello Guys, In this video i breakdown what i see on oil. I view oil as being completely weak especially with the effects from corona virus that have impacted the demand side of the commodity. At the moment even though the pair is weak which could be viewed as cheap for investor to buy based of value trading most of smart money will likely stay away from the dip buy until they get a solid fundamental sign that the price has finally bottomed out. Russia a top oil producer saying no to cutting oil supply to OPEC during and the Feds cutting the rates further solidifies the idea that oil will take a while to recover from this bear trend hence for now i would rather be on the safe side of smart money and only look for short positions after pull backs to key weekly resistance levels
FX_IDC:USDWTIShort
by collinsweball
USDWTI SHORTHello guys, This week i am only looking for shorts on oil unless an unexpected event happens e.g if oil tankers are attacked in the middle east or north Africa. With major cities being shut down in china, oil has been extremely oversupplied with less demand driving the demand down. I see a pull back coming but then it will likely sell off to lower levels. The meltdown will likely continue until mid this month when Russia and OPEC meet up and reduce their supply of oil. Note with oil melting cad is also likely to melt
FX_IDC:USDWTI
by collinsweball