Oil rallied from its coronavirus low and topped at $68.02 per barrel.
What's your view on Oil? Let me know in the comment.
Thanks,
Veejahbee.
- The five-wave decline from 68.02 high is the first sign of bearish reversal.
- Any further rally in Oil must stay below 68.02 for the reversal to remain intact.
- The breach of 58.91 key level will confirm the sell-off has resumed.
- Targets below $52 are plausible in the weeks ahead.
What's your view on Oil? Let me know in the comment.
Thanks,
Veejahbee.
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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.