Many Reasons behind Oil continues dropping After OPEC cut Production.
1- Oil should stay above 20$ after Deal Cut, but look like price war still going on.
2-Demand is very low at the moment all over the country because of lockdown and Economy under the shutdown.
Coming weeks expecting Oil will do big correction upside end of April to mid-May, but before correction Oil could hit support level 2001 Year 16.90 to 17.26$
Good to long entry 18$ as major support level
🛑SUPPORT/RESISTANCE
✅S1= 17.25
✅S2=16.10
✴️R1=20.50
✴️R2=24.10
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1- Oil should stay above 20$ after Deal Cut, but look like price war still going on.
2-Demand is very low at the moment all over the country because of lockdown and Economy under the shutdown.
Coming weeks expecting Oil will do big correction upside end of April to mid-May, but before correction Oil could hit support level 2001 Year 16.90 to 17.26$
Good to long entry 18$ as major support level
🛑SUPPORT/RESISTANCE
✅S1= 17.25
✅S2=16.10
✴️R1=20.50
✴️R2=24.10
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
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✈️ Free Trading Mentorship/ Guide About Market t.me/bossamp
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✳️ Telegram Channel t.me/allmypips
✅ Follow on Twitter: twitter.com/Allmypipss
✴️ Follow on FB: facebook.com/Allmypipss/
✈️ Free Trading Mentorship/ Guide About Market t.me/bossamp
✅ Follow on Twitter: twitter.com/Allmypipss
✴️ Follow on FB: facebook.com/Allmypipss/
✈️ Free Trading Mentorship/ Guide About Market t.me/bossamp
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.