Oil close to a very strong support

Well it looks like that even beer is more expensive then oil right now.

Oil is reaching 1985-2000 support zone

Will it hold ?

Kommentera:

When the lockdown will end the demand for oil will increase rapidly ( Recreation / travel / logistic demand )

Kommentera:

3 white soldiers forming on 15m tf looks like there is some interest around this 35 years old support

Kommentera:

Sub 1984 prices for oil

8.8 bucks ... -53% in a single day just WOW

Kommentera:

Oil at 5.2 USD at the moment of writing ... looks like there is no bottom

Kommentera:

well and here we are at 0.01 USD ...