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
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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.
f u.. where were u last week. y didnt u give this shitty analysis? they reduced the price by $8 just for April. Coz oil fell a lot in last 2 weeks so to compensate that, they reduced the price. think 2wice b4 posting.
UnknownUnicorn6877780
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@LetsBeMillionaire, WTI is @27.50 right now and I can't wait for you to delete your comment :)
LetsBeMillionaire
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@LetsBeMillionaire, Cant delete but i take my words back. i lose. Market fked me so much and i realized i was wrong.
UnknownUnicorn6877780
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@LetsBeMillionaire, I'm very sorry for your losses and I hope you get a chance to recoup all of them - and more - very soon.