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Mahdishoghli

Analysis of the downtrend of WTI OIL and targets

Long
West Texas Oil (OANDA:WTICOUSD)  
Mahdishoghli Updated   
OANDA:WTICOUSD   West Texas Oil
Trend Analysis Volume Fundamental Analysis wticrudeoil wtioil Crude Oil WTI texasoil Coronavirus (COVID-19) downtrend
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trendanalysis volumestudies fundamental wticrudeoil wtioil usoil texasoil coronavirus downtrend
Oil prices are constantly falling due to the deterioration of the corona !
After breaking its daily trend line, which was formed in March 2020, the price has again emptied the volume in a negative direction and is coming down !
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After opening the market, if the price breaks 61.60, you can enter the sell position with the targets of 60.40, 58.00 n 55.00
Comment:
The price could not break the 61.60 area! And then it moves sharply upwards and breaks strong resistances!
We could take a buy position with a profit margin of 69.60.

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