Oil Heading to $20

Updated
Oil set to lose steam after OPEC+ meeting delayed and Russia-Saudi price war continues. MACD is showing the black liquid to be extremely overbought and at $28 is touching a major resistance level.

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Connor
Trade active
One of my favourite trades if this year so far. Instant profit and looks like it will keep pushing. The fundamentals are the major factor here if OPEC+ can reach a good deal then expect a reversal. The technicals show me that the market is overbought in the short term. Still have $22 on my radar
Trade closed: target reached
Chart PatternsHarmonic PatternsOilTrend Analysis

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