MasiView

USOIL After the OPEC+ Meeting 10M Cut

Short
FX:USOIL   CFDs on Crude Oil (WTI)
Saudi Arabia’s energy minister said on Friday that a final OPEC+ oil supply pact to reduce 10 million barrels per day (bpd), which was agreed on Thursday, hinges on Mexico joining in the cuts.
Saudi Arabia, which is currently holding the G20 presidency, will gather the group’s energy ministers on Friday (Tomorrow) for an extraordinary virtual meeting to discuss how to stabilize the oil market and mitigate the impact of the COVID-19 pandemic.
I still don't see any hope, there will be another drop before going long.

Comments

Thinking the same ... milk the markets my fellow bro!!
+1 Reply
MasiView Olutobi-Ogunsemore
@Olutobi-Ogunsemore, indeed bud, all the best :)
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can we open with gap down around 22 and than long as you wrote?
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MasiView AdamBru
@AdamBru, $20- $22 is my short target, after that, based on fundamentals and Trends, I will be looking at going long for a while. I like to keep my “predictions” as realistic as possible based on the current information available
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