Crude Oil Futures (Jun 2020)Atualizado Oil with stiff overhead resistance. But mostly clear to $23-24.
1. Oil futures did not go to zero, dummies. Learn how futures contracts work.
2. Been a while since we've seen $25+ oil, which is why we see the light blue, orange, and purple levels above price.
3. That said, I can't recommend shorting the bottom on oil. Oil from $20 - 23 is a 10% increase, and we're pretty clear to get back to $23-24. You could easily blow out your account if oil prices suddenly rise 10% one day ($20 to $22).
2. Been a while since we've seen $25+ oil, which is why we see the light blue, orange, and purple levels above price.
3. That said, I can't recommend shorting the bottom on oil. Oil from $20 - 23 is a 10% increase, and we're pretty clear to get back to $23-24. You could easily blow out your account if oil prices suddenly rise 10% one day ($20 to $22).
Nota
A. Light Blue: Weekly Levels (W)B. Green: Daily Levels (D)
C. Purple: Monthly Levels and above (MO)
D. Orange: 3 day levels. (3D).
E. Red: (12 hour levels and below.)
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