Repeated hammer for WTI OIL

Crude oil has been taking a beating the last few weeks. Lockdown crawling over Europe as Covid cases are increasing. Demand for Oil dropping. London into lockdown starting next week, low demand for oil still, lower prices expected.

We are noting a steady decline in oil, still hunting for the previous low target of 32.8

could be rocky with elections just round the corner so expected a volatile market for a couple of weeks.

Bias Oil Short

Read between the lines. Let the maths do the work for you. Observation is a key, patience is a virtue.