Oil prices rally to stop these days
Oil prices rally to stop these days
May 20, 2020
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| Oil prices rally to stop these days |
|---|
News:
| The economy is restarting and you can see this as check the oil
prices graph. It is going up and up the last days and especially in the
last two days. The WTI price climbs to $33.05 after the negative prices
last month.
The oil prices may found a good resistance at the current level of
$33.05 and if move up the next resistance may stop the rising prices at
$36.50. The economy could not recovery so fast also there are many big
volumes stored oil. All these factors could stop the price and back to
levels of $22 up to $29 in the next 2-months.
[World-Signals.com][1] strategy is to place new orders in the coming
days into short positions.
The oil prices in the last few days follow the stock optimism and are
very high value in the current situation.
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- www.world-signals.com (www.world-signals.com)