Current crude oil price may retrace to as high as 58.8, then a possible new drop to as low as 53.5.
Then a big correction may followed to trade higher above $60/bbl.
LONG TERM EVENTUAL TARGET MAY BE TO AS LOW AS $20/bbl.
ONLY SUSTAIN TRADING ABOVE $80/bbl negate this scenario!
Then a big correction may followed to trade higher above $60/bbl.
LONG TERM EVENTUAL TARGET MAY BE TO AS LOW AS $20/bbl.
ONLY SUSTAIN TRADING ABOVE $80/bbl negate this scenario!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.