Will Oil Fall Further to $20 again?

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  • Will Oil Fall Further to $20 again?

I've had a lot of beginners luck coming back into trading after 10 years of absence.


I can see an Inverted penant Chart pattern. Although it’s hard to tell which way the price will break out of this penant, given the fundamentals and lacklustre results from the oil cuts, I would expect oil to fall to around $18-$20 range.


I will be looking to open a position at $20 again.

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  • 14 Apr 20
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Oil

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