Crude Oil Price Movement For April 01, 2020

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As we know, Russia and Saudi Arabia are now involved in the oil trade war. Saudi Arabia is ramping up production rates with a low cost which is not good for the oil market, although yesterday US President Donald Trump made a special call to Russia's President Putin to discuss this oil trade war. We don't now how this story will end, but from the technical view we see a small 123 Formation at #CL. It seems that crude oil has a chance to go up at least for test the Buy Side Liquidity Pool at $21.88-21.98 as long #CL does not retrace lower than the 19.27 level. So, the Buy Side Liquidity Pool at $21.88-21.98 will be reached soon with a high probability.

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