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JoeTrader_Ph
Apr 2, 2020 1:11 AM

US OIL Long

WTI CRUDE OILTVC

Description

Is now trading at 18 year low. Oil plunged as the demand dropped due to the travel restrictions and lockdown caused by the Corona Virus and Middle East not cutting their supply, instead they are increasing more. This could still drop or stall as stockpile will take time to be consumed even if everything is back to normal. However, Markets are always forward looking as they say, so starting scale buys now are a good long term investment strategy in my opinion.
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