Oil Spooked Into Turning Now After Trump Calls on OPEC to Ease Off on the Tight Demand (Put Stored Supply Back Into Market)

Mischely GomezUncategorizedLeave a Comment

From a chartist standpoint, all I can see is a nice looking turn that just formed which may be the end of a classic correction and continuation of the downtrend. The shape is not quite perfect and suggests there is still a possibility it could be an extra sharp turn at the end of a 3 of C to form only a 4 of C. But the timing of this news suggests it is more likely this really is the turn. And if it is not I can show you exactly how to manage the trade if this is NOT the end of the correction and what would signal that. I will show that today in our live session today if you are interested.

https://www.cnbc.com/2019/02/25/reuters-america-update-1-oil-dips-after-trump-calls-on-opec-to-ease-high-prices.html