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CRUDE BREAK PREV LOW!! WHAT'S NEXT?? SHORT. TP LEVEL 20
CFDs on WTI Crude Oil
Short
CRUDE BREAK PREV LOW!! WHAT'S NEXT?? SHORT. TP LEVEL 20
By Rule_no1
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Updated
Mar 20, 2020
3
Mar 18, 2020
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LATEST UPDATE ON CRUDE :
Since crude broke below previous low of 27.31 level, the likelihood of going lower increased. (SHORT)
SP500 rebounded yesterday after Trump proposed a stimulus package to tackle the Covid-19 outbreak, crude DID NOT follow. Sign of weakness. (SHORT)
Saudi Arabia-Russia oil price war (SHORT) :
👉
oilprice.com/Energy/Oil-Prices/Saudi-Aramco-Is-Very-Comfortable-With-30-Oil.html
👉
ft.com/content/88fa4174-6499-11ea-a6cd-df28cc3c6a68
** We will short around level 28.00-30.00. CL 32.00. TP near level 20.00. RR >3 **
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Happy Trading :)
Mar 18, 2020
Note
Mar 19, 2020
Trade closed: target reached
US crude go as low as 20.04!! Follow us for more insights !!
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tradingview.com/u/Rule_no1/
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Mar 20, 2020
Trade closed: target reached
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