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Is the Crude Oil Uptrend Still Intact?

83 ratings | 2511 views
The Oil price has been in decline for more than a week now, retreating from multi-year highs of $75 a barrel. This video briefly recaps the changes in the global supply and demand story that have contributed to this selling pressure and also takes a look at a combination of charts to explore how this affects the year-long uptrend in the price of Oil. At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are higher risk because of leverage.
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Text Comments (20)
Jose Azcarate (30 days ago)
Awesome review. Thanks.
Scott Scott (30 days ago)
This guy, nobody knows, nobody can predict the price. Only the people who control the rate know where it's going. Traders literally are at the mercy of the dude in control of the price. The money sponge is about to absorb all your profit 😂
Libtard Slayer (30 days ago)
Big support at 66
LebJamal23 (30 days ago)
When looking at the moving averages what time frame is best (1 day, 1hr, 5 min etc)?
Trading 212 (30 days ago)
Hi there, depends on your trading style, goals and preferences. You may watch this video about how to choose a time frame on the chart - https://youtu.be/UClWf-g1oD0.
Abdulla Ashurmurodov (30 days ago)
агон класс 🚘
Tony Hughes (30 days ago)
Thanks Peter, great stuff.
WuWei1967 (30 days ago)
Great vid

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