Unfortunately, the outlook for oil is continuing to look pretty ugly for now.
We've got a fair way to drop. I won't be shorting this commodity. However, with OPEC+ in talks and with some possilbity of a coordinated cut across OPEC and the US. There's a chance we get a big pump.
COVID-19 has cut demand substantially, we're going to need to see large scale cuts across the suppling nations to resume any meaningful uptrend.
Looking for good opportunties to buy dips later this week,
We've got a fair way to drop. I won't be shorting this commodity. However, with OPEC+ in talks and with some possilbity of a coordinated cut across OPEC and the US. There's a chance we get a big pump.
COVID-19 has cut demand substantially, we're going to need to see large scale cuts across the suppling nations to resume any meaningful uptrend.
Looking for good opportunties to buy dips later this week,