Its looking bullish, after that candle with a long shadow that also happened every time price changed of tendency in the past, and price collided with long term weekly tendency line. Wait for confirmation tho, and pay lot of attention to oil news. If we have very bad news it could keep dropping, but i dont think so.
Yorum:
GOOD NEWS: OPEC + and Russia will have to develop a comprehensive plan to reduce production in order to support oil prices. Representatives of China's state oil refineries have previously reported that they would reduce production to 940,000 barrels per day, amid the coronavirus outbreak.