My possible forecast for USOIL.
Might gonna restest one or both of the support levels.
But in the long run, it should be going for a downward trend.
Supported by:
- The situation in India (could last maybe a week more before it settles a bit)
- Possible weak oil demand in Japan
Could be interrupted by sudden positive news regarding faster "opening" in some countries or forecasts.
Might gonna restest one or both of the support levels.
But in the long run, it should be going for a downward trend.
Supported by:
- The situation in India (could last maybe a week more before it settles a bit)
- Possible weak oil demand in Japan
Could be interrupted by sudden positive news regarding faster "opening" in some countries or forecasts.