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Video: Oil Price Analysis for February 2020 – Coronavirus Pulls Prices Down

Summary:
In the present video, David Jones from Capital.com provides his forecast for crude oil in February 2020. He starts the video by discussing the slump of crude in January to a 12-month low and reasons for it. David continues then, listing important support and resistance levels and speculating where prices may go in the immediate future. He concludes the video with a practical example of setting up a position. While David explains that arguments can be made for both bullish and bearish stances, he decides to be a contrarian trader and set up a long position. If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below. © Commodity Inspector for Commodity Blog,

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In the present video, David Jones from Capital.com provides his forecast for crude oil in February 2020. He starts the video by discussing the slump of crude in January to a 12-month low and reasons for it. David continues then, listing important support and resistance levels and speculating where prices may go in the immediate future. He concludes the video with a practical example of setting up a position. While David explains that arguments can be made for both bullish and bearish stances, he decides to be a contrarian trader and set up a long position.

If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below.


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Vladimir Vyun
Vladimir is an online journalist with background in computer science and work experience in pension funds. He contributes news reports, fundamental analysis and sentiment forecasts to TopForexNews.com and CommodityBlog.com. His main specialization is the currencies of emerging economies and inter-market correlations with commodity and bond trading.

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