The recent optimism in oil markets has left many analysts scratching their heads, with no real fundamental reason for the shift in sentiment.
Demand projections that suggest Asia or the world economy will be moving back to pre-pandemic levels anytime soon are laughable.
The only justifiable optimism for oil markets at the moment is the optimism surrounding 2021 when we will likely see a monumental supply crunch.
I am shorting with a small leverage .
If SL was Hit ,i am shorting from above .
Demand projections that suggest Asia or the world economy will be moving back to pre-pandemic levels anytime soon are laughable.
The only justifiable optimism for oil markets at the moment is the optimism surrounding 2021 when we will likely see a monumental supply crunch.
I am shorting with a small leverage .
If SL was Hit ,i am shorting from above .
Trade closed: stop reached:
CLOSED;sold again in that SL