StrongBull777

WTI CORRECTION D1

Short
TVC:USOIL   CFDs on WTI Crude Oil
Oil quotes are on a strong resistance line. Oil after the collapse of markets in April made a strong upward movement. In this she was helped by a reduction in oil production and the lifting of quarantine restrictions. But at the moment, cases of COVID 19 in the United States are growing with great progression. This brand of oil is American. With such a situation in the country, a large demand for this oil product cannot be expected. Because the economy in such a situation cannot fully function and the oil product is mainly used by special services. Also, the OPEC oil cartel is going to soften the restrictions on the volume of oil production, which will entail a decrease in the price of oil quotes.
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