DON'T BUY OIL current Price, CRUSH COMING TOWARDS 20$ TO 18$
If you are buying this price and think Oil can go 40$, I would say DON'T BUY. This Year Oil price staying below 38$, IF Opec Cut Production price still staying under 40$ as demand level very low and supply three-time extra.
Before any deal or cut Price expecting to hit 18$ or 20$ then price do some correction until 28$ to 33$, but staying below 40$
The OPEC + and the G20 energy ministers meeting is expected to last for two whole days on April 9 and 10. The price of the oil dropped in anticipation of these events as there is still no agreement between the countries participating in these negotiations. A significant short-term impulse took place yesterday at the American session, which brought the May oil quotes closer to the price of $23 per barrel. Where in the framework of the stop trap system is located the so-called "Buyers' platform" - an area where buyers can hide their risks over the past few days of growth
🛑SUPPORT/RESISTANCE
✅S1= 23
✅S2=20
✴️R1=25
✴️R2=28
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
Before any deal or cut Price expecting to hit 18$ or 20$ then price do some correction until 28$ to 33$, but staying below 40$
The OPEC + and the G20 energy ministers meeting is expected to last for two whole days on April 9 and 10. The price of the oil dropped in anticipation of these events as there is still no agreement between the countries participating in these negotiations. A significant short-term impulse took place yesterday at the American session, which brought the May oil quotes closer to the price of $23 per barrel. Where in the framework of the stop trap system is located the so-called "Buyers' platform" - an area where buyers can hide their risks over the past few days of growth
🛑SUPPORT/RESISTANCE
✅S1= 23
✅S2=20
✴️R1=25
✴️R2=28
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
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.