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Video: Crude Oil Price Analysis for Rest of 2020 – Start of an Oil Glut Era?

Summary:
In the present video, David Jones from Capital.com provides his forecast for crude oil during the rest of 2020. He starts the video by recounting the moves of crude in recent months, explains fundamentals driving the moves, and discusses factors that will be affecting crude in the near future. Next, David lists important support and resistance levels. He then turns to charts, trying to assess where prices may go next. In the end, David decides to place a buy order in case of an upside breakout from the current sideways trading. He warns, though, that the rest of the year can be dull for oil traders as prices may continue moving sideways for some time. 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

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In the present video, David Jones from Capital.com provides his forecast for crude oil during the rest of 2020. He starts the video by recounting the moves of crude in recent months, explains fundamentals driving the moves, and discusses factors that will be affecting crude in the near future. Next, David lists important support and resistance levels. He then turns to charts, trying to assess where prices may go next. In the end, David decides to place a buy order in case of an upside breakout from the current sideways trading. He warns, though, that the rest of the year can be dull for oil traders as prices may continue moving sideways for some time.

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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