BillionsFund

WTI OIL, long-term bullish.

Long
TVC:USOIL   CFD sur Pétrole brut WTI
Oil prices found support on the basis of the long-term bullish fork. You can see how the price has always moved within the fork in recent years, recognizing supports and resistances several times. The Fed will most likely cut rates short and multiple times in the course of 2020. The first to benefit from this will be the weakening dollar. The oil price will rise accordingly. We are probably at a long run reversal point. Ambitious targets.

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