Oil Technical Analysis for September 9, 2020 by FXEmpire

by birtanpublished on September 14, 2020

from fx empire this is chris taking a look at the crude oil market and you can see the crude oil has gotten absolutely hammered and that is due to well it's a whole

Host of things really but one of the big uh driving forces has been an oil minister in saudi arabia suggesting that perhaps they are going to start selling oil at a lower price and of course that

There is a serious lack of demand when it comes to the global economy so with that we have seen an absolute falling apart we are towards the bottom of the gap now we start to focus on short-term rallies

That we can sell especially near 40 i'd be all over that if we get that kind of a bounce 35 show support wti and then 30 would be your target after that here in brent we're below 40 37 and a

Half 35 would be your next two targets again short-term rallies sold into

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