The oversold that happened today was the result of the deception of people who bought the propaganda of rising oil prices due to the conflicts in Yemen region. However, this confusion will continue for a while, and I expect the price to reach at least $73.70 next week.
Comment:
Following the reversal of the prediction of the rise of oil prices, now the media, which led to financial losses for a large number of investors with their propaganda, are trying to rationalize this with ridiculous excuses. Unfortunately, these baseless analyzes have dictated the mood of the market today. However, the tensions in the Yemen region will not end overnight, and the upcoming news (propaganda) may change the market trend to bullish any moment. So be patient until we reach our target.
Trade closed: target reached