Positive Market for OIL Demanding.
Updated
Hello dear traders,
Since that many countries are opening their economy, even WHO not recommend to re-open the economy.
The OIL demand is rapidly increasing in looping numbers, that brings to a very positive uptrend market.
I'm positive that OIL market still going upside next week. BUT, need to watch out the price gap ..Maybe it can push the price market back to south.
Since that many countries are opening their economy, even WHO not recommend to re-open the economy.
The OIL demand is rapidly increasing in looping numbers, that brings to a very positive uptrend market.
I'm positive that OIL market still going upside next week. BUT, need to watch out the price gap ..Maybe it can push the price market back to south.
Note
The contract expiry is near, with the production cuts having been enforced globally. But will it the panic selling continue again after a month ago?The next expiry of June contract is on Tuesday, and there is a little sign of repeat of the historic plunge.
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