Technical Short on Oil

6 May 2020

We have two side of the arguments here, economy reopening demand coming back vs supply surplus exist. Guess what, probably we won't have better access to the right information until it materializes, as of now i see the ascending channel is broken, so i would take chance with some shorts obviously with stops little above previous swing high here with a small target around $20 level as the first target

8 May 2020

Not

Last chance today to make the dive down else it wld be making a run to $30