FX.co - The Corona Pandemic making the Crude Oil continue their movement in a Bearish pressure

2020-03-13T02:34:40

Relevance until2020-03-15

The Corona Pandemic making the Crude Oil continue their movement in a Bearish pressure

On the Daily Chart, we can see #CL is now trying to reach the nearest liquidity pool at 27.34 after the WHO officially declared the coronavirus the global pandemic.The oil prices are likely to continue to decline as long the #CL does not rise to 36.28.

The overall bias from the #CL is bearish.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Technical analysis #Oil ##CL

Analytical expert

Arief Makmur

InstaFintech Group @ 2007-2025

FX.co ★ The Corona Pandemic making the Crude Oil continue their movement in a Bearish pressure

Forex Analysis

The Corona Pandemic making the Crude Oil continue their movement in a Bearish pressure