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Video: Oil Price Analysis – Navigating Extreme Volatility on Oil Charts

March 23, 2020 at 9:34 by Vladimir Vyun

In the present video, David Jones from Capital.com provides his forecast for crude oil. He starts the video by discussing the slump of oil prices from the highs logged in early January to the levels not seen since 2002 and reasons behind it. Next, David lists important support and resistance levels. He proceeds then discussing charts and whether it makes sense to buy crude after the recent attempt at a rebound. Finally, David sets up a position, deciding to risk and buy the commodity if the price goes lower in hopes of a rebound in the future.

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