USOIL Short
Updated
Downward trend, that might continue based on the new lockdowns in India and the fear of further lockdowns worldwide.
Possible change of getting interrupted around resistance levels, but clearly downward trend for now.
The trend for the coming days depends on the following:
- India Covid cases
- US oil inventory (wednesday)
- Further lockdowns around the world
In my opinion, i think we are going down under 60.5 and therefore breaking the first resistance level.
Possible change of getting interrupted around resistance levels, but clearly downward trend for now.
The trend for the coming days depends on the following:
- India Covid cases
- US oil inventory (wednesday)
- Further lockdowns around the world
In my opinion, i think we are going down under 60.5 and therefore breaking the first resistance level.
Note
Getting a bit derailed because of the news, that OPEC+ projects a greater recovery than first anticipated.But also says that the situation in India and Japan can have an effect on this.
So i stick to this plan and forecast, still think its more plausible than a bullish development.
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