Join The Obsessed Trading Signals Group

* indicates required

Intuit Mailchimp

Daily Trading updates 2025

What's next for Crude OiL heading in year 2020?






    Crude OiL rallied again during the trading session on Thursday, as it looks hell-bent on going towards the $62 level followed by the $62.50 level which is the top of the overall range. This is a market that I think continues to see a lot of bullish pressure due to the OPEC production cuts as of late. Ultimately, this is a market that looks likely to see buyers on dips, but I don’t know whether or not we can break above the $62.50 level as it is in extreme amount of resistance. If we can break above there though, then crude oil will continue to go much higher. The question now is more or less whether or not there is going to be enough demand. So far, I think it’s probably a stretch.

Comments

Popular posts from this blog

$GME a $500 Price Target by End of 2021

2022 is the year of the pattern Trader and here's why #10XYour1k

That Stock just did 1500% Gain in a Year

The Dollar and the US presidential election in November

Women from Venezuela looking to learn how to trade Forex & stocks in America

I became a stock trader with only $10 in the bank

How i made my first 1k Trading US30, Shorting Cryptos, Shorting Stocks and Oil?

The Perfect Gift to yourself this Year to Upgrade your Trading Desk

15.6’’ Triple Laptop Screen Extender Monitor Portable, DIY 1080P FHD Portable Dual Monitor