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Video: Oil Price Analysis – Navigating Extreme Volatility on Oil Charts

Summary:
In the present video, David Jones from Capital.com provides his forecast for crude oil. He starts the video by discussing the slump of oil prices from the highs logged in early January to the levels not seen since 2002 and reasons behind it. Next, David lists important support and resistance levels. He proceeds then discussing charts and whether it makes sense to buy crude after the recent attempt at a rebound. Finally, David sets up a position, deciding to risk and buy the commodity if the price goes lower in hopes of a rebound in the future. 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, 2020. |

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In the present video, David Jones from Capital.com provides his forecast for crude oil. He starts the video by discussing the slump of oil prices from the highs logged in early January to the levels not seen since 2002 and reasons behind it. Next, David lists important support and resistance levels. He proceeds then discussing charts and whether it makes sense to buy crude after the recent attempt at a rebound. Finally, David sets up a position, deciding to risk and buy the commodity if the price goes lower in hopes of a rebound in the future.

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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