Peaks on Oil
Previous resistance points can be observed at $31, $33, and $35 from mid-April.
We could see this rise in Oil price reach one of these peaks, before heading back down as Oil storage reaches a maximum and a second wave of Coronavirus cases occur.
This drop is likely to happen over the coming week, so a good opportunity for a Short on Oil, potentially reaching $20 or even $10.
We may have already hit a peak on Oil for the timebeing, on the other hand, we may hit a peak at one of the mentioned resistance heights in the near future.
Displayed are potential pathways for Oil to head.
We could see this rise in Oil price reach one of these peaks, before heading back down as Oil storage reaches a maximum and a second wave of Coronavirus cases occur.
This drop is likely to happen over the coming week, so a good opportunity for a Short on Oil, potentially reaching $20 or even $10.
We may have already hit a peak on Oil for the timebeing, on the other hand, we may hit a peak at one of the mentioned resistance heights in the near future.
Displayed are potential pathways for Oil to head.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.