Long oil (again?)

2020年3月2日

Last time the price was below 50 mark back in Dec 2018 which was followed by a quick recovery to 56-58. I believe something like that might happen again. This time however I dont expect the price to go above 60

2020年3月2日

ノート

So far so good. The price rejected 44-45 area and surged almost +5% to 47.50 closing above mid-line of descending channel which both obviously are good signs. However this is still technically a downtrend

2020年3月4日

ノート

This definitely a setback. The price has failed to break thought 48 so far, but overall the situation is in line with the template.

2020年3月6日

ノート

Not looking good. The inability to break though 48 resulted in significant price drop. There is still a chance, but I am not happy about what I see

2020年3月6日

ノート

I cant believe this is happening, but it is over. Third time in a row, very unfortunate.
What next? Well. It is really good question. The price might fall to 25-30 before making a bottom and maybe by mid-summer recover to 50-55