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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.