01.04.2020
Oil prices continue to update the lows, and the problem is no longer in the inability or unwillingness of the OPEC+ countries to agree on a reduction in oil production, but in the low demand due to the global quarantine measures in response to the COVID-19 pandemic outbreak.
The overall trend is downward. A start fractal formed below 135 moving average. Breaking through the start fractal will result in the formation of a downward wave pattern within the framework of a general downtrend. A bearish divergence has formed on Awesome Oscillator.
Trading recommendations:
Sell below 534.00.
Stop loss: 586.00.
Target levels: 507.00; 477.00; 412.00.
The #TATN rate online: monitor the movement of the shares in real time.
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