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WTI crude oil
The WTI crude oil market collapsed quite significantly during Friday's trading session, crossing the $ 55 mark. It looks like we're heading to the $ 52.50 level, maybe even $ 50. Short-term rallies should be sales opportunities, and I do not think the market can be bought. However, I like the idea of removing the signs of force. The alternative scenario is of course that we break down under the bottom of the candlestick and continue to fall rather quickly. Concerns about global growth continue to weigh on the idea of price hikes.
Video 03.06.19 on stocks of crude oil
Brent
The Brent markets collapsed quite sharply during the Friday trading session as well, crossing the $ 62 level. This is a market that should most likely continue to decline, the level of $ 60 offering short-term support. However, I think we are getting down a lot, because there is a lot of concern about global growth and, of course, it is very likely a market that will continue to fade. . In fact, it is only when we exceed the candle of Thursday that I would be interested in buying in this situation. That said, I'm just a seller and not a buyer at this point and I think we're going to go down a lot. Crude oil seems very dangerous right now to try to find a bottom.
Please let us know what you think in the comments below
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