Technically Crude Oil (WTI) is at conflict area where Trendline and HMA.
Sell from current price at 41.20
Stop should be 41.75
Initial Target is 40.80
40.20 and 39.60
Reasons:
API inventories rose by 4.2 million barrels last week.
Latest wave of Covid 19.
OPEC and its allies failed to give clear output policy.
Sell from current price at 41.20
Stop should be 41.75
Initial Target is 40.80
40.20 and 39.60
Reasons:
API inventories rose by 4.2 million barrels last week.
Latest wave of Covid 19.
OPEC and its allies failed to give clear output policy.