Delton Witte + 12 January 28, 2019 Here are a couple of articles that outline where I think we are and where we are going. We are seeing the pull-back to setup the inverted head and shoulders mentioned here. https://oilprice.com/Energy/Crude-Oil/Is-This-A-Buy-Signal-For-Crude-Oil-Futures.html The next bullish move will likely come from development of the situation in Venezuela (or China talks, but I don't think so). https://www.cnbc.com/2019/01/28/-venezuela-crisis-oils-ticking-time-bomb-to-detonate-analysts-say.html 1 Quote Share this post Link to post Share on other sites
Cheah Ks + 1 February 18, 2019 price will definitely go lower Venezuela needs money to restructuring its economy(96% depend on oil) so you can expect that i tmay increase it's supply rather than follow OPEC decission. PMI of most countries are in declining trend so there are strong possibilities that oil price may not go up. 1 Quote Share this post Link to post Share on other sites