Crude is probably in wave 4 of wave C or it might be that the market has bottomed and a new impulse wave has started
Oil has been on a roller coaster ride and due to covid-19 demand is no where to been seen, maybe the market has bottomed but I will recommend not to catch a dropping knife
We are bearish at this point and will only consider about bullish scenarios if the price breaks above the $ 43 mark
Let see how this plays, Good Luck !
Disclaimer: This is for informational purpose only, anyone taking trades using this idea will be liable of their own loss
Oil has been on a roller coaster ride and due to covid-19 demand is no where to been seen, maybe the market has bottomed but I will recommend not to catch a dropping knife
We are bearish at this point and will only consider about bullish scenarios if the price breaks above the $ 43 mark
Let see how this plays, Good Luck !
Disclaimer: This is for informational purpose only, anyone taking trades using this idea will be liable of their own loss