Beyond the trend in the chart:
The fallout between OPEC+ members will hammer the price down.
Saudi Arabia already offers steep discounts to carve more market share and there's even talk about ramping up production to 12m bpd
Russia on the other hand is refusing to cut and prefers to wait until June to say how the world demand changes in response to the COVID
The fallout between OPEC+ members will hammer the price down.
Saudi Arabia already offers steep discounts to carve more market share and there's even talk about ramping up production to 12m bpd
Russia on the other hand is refusing to cut and prefers to wait until June to say how the world demand changes in response to the COVID
Trade closed: target reached:
TP reached, closed all shorts at $22.80.
It might go down lower but I'm not brave enough to short it at this level.
It might go down lower but I'm not brave enough to short it at this level.
