D1 - No bullish divergence that hints that the bearish trend is over. We may expect one more push lower until a bullish divergence is created.
H4 - Bearish trend pattern, currently it looks like a correction is happening in the form of some sort of a range.
H1 - If the price moves lower, breaks and holds below the uptrend line we may then expect further continuation lower.
Note: Due to the Corona virus impact there is less transportation around the world so I expect the Oil prices to drop lower further.
H4 - Bearish trend pattern, currently it looks like a correction is happening in the form of some sort of a range.
H1 - If the price moves lower, breaks and holds below the uptrend line we may then expect further continuation lower.
Note: Due to the Corona virus impact there is less transportation around the world so I expect the Oil prices to drop lower further.
Order cancelled
Trump's tweet changes the current sentiment in the marketTrend line wasn't broken and currently the idea is invalidated
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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.