The daily analysis of oil on December 7, 2020 this time will discuss the oil genus which is expected to continue to decline due to several things, including: *) The profit-taking action of market participants after the increase some time ago due to the increase in the number of rigs active in the US as reported by Baker Hughes. *) The massive and global increase in the number of Covid-19 sufferers, forcing lockdown measures in several countries around the world. *) Southern California is also imposing a strict lockdown on its citizens.
Oil Daily Analysis Predictions
Today's prediction in OIL is expected to continue its decline, and the recommended OP (Open Position) is
SELL at the level of 45.85. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
| Preference |
BEARISH |
| Target Profit 1 |
45,75 |
| Target Profit 2 |
45,65 |
| Stop Loss 1 |
45,90 |
| Stop Loss 2 |
45,95 |
Thus the daily analysis of oil on December 07, 2020. Keep Money Management and Risk Management first in your
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