I guess we found our bottom on oil price like 35$ in 2009. The worst scenario is in price right now so I don't see the strength to push the price lower. Of course, there can be try to squeeze sl below 20$, but that's all.
It doesn't mean that it's going up right now, but seems to a long accumalation time, so if you are looking for a bottom with small risk, I think it's a good idea to buy and hold little longer.
https://www.tradingview.com/x/8g5H9i0V
It doesn't mean that it's going up right now, but seems to a long accumalation time, so if you are looking for a bottom with small risk, I think it's a good idea to buy and hold little longer.
https://www.tradingview.com/x/8g5H9i0V
Nota
Nota
Btw, I hear a lot of analitics saying it's going much lower. Yeah, but what they didn't say that month ago? Their words are good buy sign.Nota
It's time to said that, I was wrong. Bottom is far beyond 20$.Nota
15$ on July contracts and May contracts -40$, it's pure madness
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