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Video: Oil Price Analysis for February 2020 – Coronavirus Pulls Prices Down

February 10, 2020 at 13:05 by Vladimir Vyun

In the present video, David Jones from Capital.com provides his forecast for crude oil in February 2020. He starts the video by discussing the slump of crude in January to a 12-month low and reasons for it. David continues then, listing important support and resistance levels and speculating where prices may go in the immediate future. He concludes the video with a practical example of setting up a position. While David explains that arguments can be made for both bullish and bearish stances, he decides to be a contrarian trader and set up a long position.

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