Saudi Arabia made a major strategic shift, willing to accept low oil prices and unwilling to cut supply.
Oil prices fell sharply as a result.
It is expected that oil prices will hit 55-56 in the short term, so the operation is still mainly shorting oil prices. Overcapacity.
Oil prices fell sharply as a result.
It is expected that oil prices will hit 55-56 in the short term, so the operation is still mainly shorting oil prices. Overcapacity.
Trade active
Basic operation.Trade closed: target reached
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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.