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US OIL D1 CORRECTION

Short
TVC:USOIL   CFDs on WTI Crude Oil
After a long growth, oil reached its maximum levels and buried itself in the level of resistance. After the collapse of the oil market in April, this quotation did not create any significant correction and has a large overbought price. Now the market situation is as follows. The Opek oil cartel has decided to ease restrictions on oil production. The situation in the US casts doubt on the active demand for oil. There are mass rallies and riots in the country, which creates great contact among the violence. In this situation, it is practically impossible to observe the quarantine regime. Because of this, the number of cases is actively growing in the country. The USA is now the focus of the disease. And the demand for oil under these circumstances will in any case decrease, which will entail a decrease in the price of oil.
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