Fundamental News:
US OIL collapsed over 20% as OPEC members Saudi Arabia and Russia quarrel over oil prices. In fact, cut production deal rejected by so-called OPEC+
Technical Overview:
The cheapest price of a barrel oil of all time, is about 10$
Since 2008 financial crisis, the price has never been crossed 30$ sharply
In conclusion:
If the price manages to cross 30$ , then the next possible support would be about 10$ ( Which is insane )
US OIL collapsed over 20% as OPEC members Saudi Arabia and Russia quarrel over oil prices. In fact, cut production deal rejected by so-called OPEC+
Technical Overview:
The cheapest price of a barrel oil of all time, is about 10$
Since 2008 financial crisis, the price has never been crossed 30$ sharply
In conclusion:
If the price manages to cross 30$ , then the next possible support would be about 10$ ( Which is insane )