oil is in an uptrend so i will be looking for an opportunity to buy to $85
fundermentaly in the news is see reasons for the price of oil to go up and hit my target of $85 a barrel
A drop in Libyan supply is supporting oil bulls, with about 700,000 barrels per day of production suspended due to repairs on a damaged pipeline and the closure of the country's largest oil field by a militia group.
Gasoline production was 8.5 million barrels, down from 10.1 million barrels a week earlier
(OPEC+ on Tuesday decided to stick with their plan to raise oil production by 400,000 barrels a day in February amid the expected limited impact of the omicron variant of COVID-19 on global demand.)
when production increases to 400,000 barrels a day in february i feel that will be a catalist for the price to fall from $85
fundermentaly in the news is see reasons for the price of oil to go up and hit my target of $85 a barrel
A drop in Libyan supply is supporting oil bulls, with about 700,000 barrels per day of production suspended due to repairs on a damaged pipeline and the closure of the country's largest oil field by a militia group.
Gasoline production was 8.5 million barrels, down from 10.1 million barrels a week earlier
(OPEC+ on Tuesday decided to stick with their plan to raise oil production by 400,000 barrels a day in February amid the expected limited impact of the omicron variant of COVID-19 on global demand.)
when production increases to 400,000 barrels a day in february i feel that will be a catalist for the price to fall from $85
Trade active:
100 pips in profit stop loss has now been moved to break even the trade is now risk free