In this video I review current oil prices including USO US OIL and WTI Brent Crude Oil technical analysis. I discuss why Oil maybe basing over the coming weeks for a massive bullish run in December. I also discuss Oil Price Demand Seasonality.
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Oil Price Crash 2020
There is still a possibility of a significant oil price correction. Note we could get messy sideways action on the price of oil for a few weeks or a cleaner deep correction all the way back to $20 a barrel or even lower potentially
Oil Fundamental Analysis
We know OPEC nations agreed a supply cut and although late in coming this has helped the oil price stabilise in May 2020. Time will tell whether we continue upwards. The issue fundamentally will be a return in the oil demand. Will supply open up again and help stabilise oil prices.
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