Oil: To Sell Or Not To Sell
Fundamental News:
US OIL collapsed over 20% as OPEC members Saudi Arabia and Russia quarrel over oil prices. In fact, cut production deal rejected by so-called OPEC+
Technical Overview:
The cheapest price of a barrel oil of all time, is about 10$
Since 2008 financial crisis, the price has never been crossed 30$ sharply
In conclusion:
If the price manages to cross 30$ , then the next possible support would be about 10$ ( Which is insane )
US OIL collapsed over 20% as OPEC members Saudi Arabia and Russia quarrel over oil prices. In fact, cut production deal rejected by so-called OPEC+
Technical Overview:
The cheapest price of a barrel oil of all time, is about 10$
Since 2008 financial crisis, the price has never been crossed 30$ sharply
In conclusion:
If the price manages to cross 30$ , then the next possible support would be about 10$ ( Which is insane )
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.