WTI collapse below $55 barrel as Trump adds fuel to the trade war fire


  • WTI is impacted hard as Trump plans to impose more tariffs on China. 
  • The levels to beat for bears are seen at 54.00 and $53.00 a barrel.


Oil daily chart



Oil 30-minute chart


WTI is slicing through many layers of supports as the sellers are being relentless. The next potential supports to watch for can be located at the 54.00 and 53.00 level. 



Additional key levels


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