jancii

OIL Long for the next half week.

Long
TVC:USOIL   CFDs on WTI Crude Oil
We have an OPEC meeting on Sunday, hopefuly coming to an agreement with Russia, to bring the oil prices higher, which is highly crucial for the economy right now. But as the virus will still be around for a pretty long time we should expect this to be a quick long, IF the OPEc meetings provide a solution. Then shorting again after the pump is made. The other outcome could be the dollar falling and OIL prices finaly regaining some strength in which case we can hold Oil longs till 40usd/barrel. But all of this is still uncertain. Waiting for following news and priceaction.
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