Fat oil price forecast – crude oil continues to look for a bottom



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WTI Crude Oil

The WTI oil oil market initially pulled back during trading on Tuesday, but saw buyers coming in and picking up the market just above the $ 50 handle. That is, of course, a great approach, psychologically significant figure and an area that is important in the past. Finally, I think we will continue to see a lot of volatility in this area, and I feel that it's just about time before production cats will become a reality out of places such as Saudi Arabia and Russia, but now it has not happened . In the least, we should see some type of worthy hunting. However, if we broke down under the $ 50 level, the market could break down to the $ 47.50 level.

Oil Forecast Video 28.11.18

Brent

Brent markets of course reacted the same, found support under the $ 60 handle to turn around and show signs of life again. I think at this point, the $ 64 level would be a significant goal, as it is a major red light on Friday that may have a bit of a wash, but I think that pullbacks are still a major thing. I think at this point, short-term poolbacks offer buying opportunities, but if we break down to a fresh, new low, then we should go to the $ 55 level. I think that there will be a lot of long-term opportunities coming into play, but you need to have a big bank roll to handle the futures market, but perhaps a small CFD position that you build on if this rally could be an interesting game At that time.

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