The great fall of oil

Since 1999 the price has never been this low. In terms of EW the current 5th wave is happening, seeming like a panic wave. The corona situation downs the oil usage and generates panic. But where there is panic, there is an opportunity to buy.

The levels the price is at, would be a good start, the ideal place would be around 10 since it is a psychological price, but it is still a long way
OilTrend Analysis

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