LeonardoD

LeonardoD

Possible triple bottom in the next future that throw the oil price in 35$ area. The supports are those shown in the chart above. Except for the 40$ area (psychological support) I don't see relevant blocks before 35$.

LeonardoD

The price of the barrels is contained in a clear channel that seems unbreakable for the market. Since the trend is bearish this channel is been respected millimetrically. I can't see other signals that change this trend. Many indicators show us that the market is oversold but the prices continue to run to the bottom. A possible break point for this movement could...