USOIL approaching resistance, time to SELL!

Short

CFDs on WTI Crude Oil (TVC:USOIL)

Updated

TVC:USOIL CFDs on WTI Crude Oil

trendanalysis chartpattern waveanalysis sell resistance_level short oil

SELL !

Comment:

- Reuters just reported that OPEC+ will cancel Wednesday meeting, because OPEC+ will keep its plan to gradually raise production starting in May!
- April 1, OPEC+ said it would gradually lift daily oil production by 350,000 barrels in May, 350,000 barrels in June, and 441,000 barrels in July and holding back around eight million barrels a day of output!
- MORE OIL = LOWER PRICE!

Comment:

Just out:
"Russia aims for a selling price of $42 to $45!" 😯

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.