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

September 16, 2020 at 11:47 by Vladimir Vyun

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.

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