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- Wednesday OPEC+ Meeting cancelled and keeps its plan to raise output (starting in May)! - Problems in Oil Alliance between Russia and Saudi Arabia! - Russia aims for a selling price of $42 to $45! - BEARISH SETUP in final stage ! It can only be a matter of hours! SELL NOW !

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- Wednesday OPEC+ Meeting cancelled and keeps its plan to raise output (starting in May)! - Problems in Oil Alliance between Russia and Saudi Arabia! - Russia aims for a selling price of $42 to $45! - BEARISH SETUP in final stage ! It can only be a matter of hours! SELL NOW !

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SELL !

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SHORT DESCRIPTION: - Nothing has changed! We are still inside DOWN TREND channel (long and short term)! - During Monday trading a huge "HANGING MAN" candlestick has formed, which is a BEARISH SIGNAL! - (Bloomberg) "Oil slipped with the rapid resurgence of COVID-19 in India and other countries casting a cloud around a return to normal consumption, even as OPEC+...

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SHORT DESCRIPTION: - Nothing has changed! We are still inside DOWN TREND channel (long and short term)! - During Monday trading a huge "HANGING MAN" candlestick has formed, which is a BEARISH SIGNAL! - (Bloomberg) "Oil slipped with the rapid resurgence of COVID-19 in India and other countries casting a cloud around a return to normal consumption, even as OPEC+...

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TECHNICALS: - Tuesday we've had one of the strongest bearish signals a big "BEARISH ENGULFING PATTERN", which was confirmed Wednesday! - Thursday and Friday we've had a little rebound (retest), but closing price was below the highs of Wednesday! - A "BEAR FLAG" has formed, where now only the flagpole is missing! - All in all, the technical data are looking VERY...

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TECHNICALS: - Tuesday we've had one of the strongest bearish signals a big "BEARISH ENGULFING PATTERN", which was confirmed Wednesday! - Thursday and Friday we've had a little rebound (retest), but closing price was below the highs of Wednesday! - A "BEAR FLAG" has formed, where now only the flagpole is missing! - All in all, the technical data are looking VERY...

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Bearish Pattern in progress!

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Short and long term - all technical signs are BEARISH and leads to SHORT it now! Upper trend line "HIGHS" are moving from lower to lower "HIGHS"! Lower trend line "LOWS" are moving from lower to lowers "LOWS"! A clearly sign for an OVERALL DOWN TREND!

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The overall TREND is DOWN ! The close under $66.16 has put the market in WEAK Position ! STRONG SELLING under $64.55 could trigger acceleration into $62 range!

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The overall MAIN TREND is DOWN ! The close under $62.29 has put the market in WEAK Position ! STRONG SELLING under $60.83 could trigger acceleration into $59 range!

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One more day DOWN ahead ! STRONG BEARISH MOMENTUM will break "50 day EMA" ... target price $58.50! Then we are on the long road DOWN to $52 ! Be prepared and GOOD LUCK!

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One more day DOWN ahead ! STRONG BEARISH MOMENTUM will break "50 day EMA" ... target price $58.50! Then we are on the long road DOWN to $52 ! Be prepared and GOOD LUCK!

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First target $62 on the long way to $52 !

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First target $65 on the long way to $55 !

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Chart from 2019 - Don't look it like today? Setup for a LONG DEEP FALL are nearly done! Be prepared! This will be HUGE!

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Another very bearish sign!

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There are now to much BEARISH SIGNS ... "Shoulder-Head-Shoulder", "Bear flag", "Bearish Crossing of EMA25 and EMA50" and maybe an "Evening star", what we will see on Monday! In addition buyers volume went down, daily RSI point to the down side and Stochastic RSI is in overbought area! The same situation we had in April/May 2019 (take a look there)!