Christine Lagarde just gave us a very good trade !!!

TVC:USOIL   CFDs on WTI Crude Oil
Hello Traders !!! Hope you are doing well

I am listening live to the ECB press conference and one piece of information that traders apparently are ignoring for the moment is this direct quote from Lagarde :

" Based on the current price of oil and the future one, we believe that inflation will decrease in the future"

As we know, oil is the main driver of inflation . So if the ECB believes in the future inflation will decrease, it stands to reason also the price of oil to decrease.

other reasons for the potential down move:

* OPEC anounced that from August they will relax the production cuts. (so more oil pumped in the market)
* price action require a correction
* Melbourne shut down for 6 weeks and other big cities might follow
*the reopening in US are slowing down because of the increase in the number of cases

Let me know in the comments what you think. I would like to hear other ideas from you guys.

Let's grow together!!


opentrader08 arminmotahari
@arminmotahari, thank you
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