First off, please don't take anything I say seriously, as always this is on opinion basis. That being said, let me get into a few key points I want to make. Oil is about to go back down on the demand curve and have increased resistance, especially in indexes and/or options trading. This is mostly due to price corrections and a result of the sentiment going on from people reacting to the Covid19 pandemic. The demand curve going down = oil going down = price corrections as a result of impacted news. It is that simple, and this is why I predict a small imminent bearish period for UKOIL, but a huge upswing investment opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.