Will Crude Moves Higher..Let's find out.
Updated
Hello dear traders,
Hoping that everyone in good health, and stay strong.
Oil prices pushed higher Thursday, and rebounding amid hopes moves to correct the oversupplied .
Global demand was poised to slump by 9 million barrels a day, that is a huge number ever recorded. But luckily, Norway will cut production starting June. If we still see a continuation of this trend in the coming weeks, it could be a worst behind the market ever.
The current market watch, oil prices is trying to get higher. If the Resistance breaks, it may go to 21.00 region. Since that this weekend is coming, open position for upwards trend is not recommended. Please make your own money management to maximize profits.
Hoping that everyone in good health, and stay strong.
Oil prices pushed higher Thursday, and rebounding amid hopes moves to correct the oversupplied .
Global demand was poised to slump by 9 million barrels a day, that is a huge number ever recorded. But luckily, Norway will cut production starting June. If we still see a continuation of this trend in the coming weeks, it could be a worst behind the market ever.
The current market watch, oil prices is trying to get higher. If the Resistance breaks, it may go to 21.00 region. Since that this weekend is coming, open position for upwards trend is not recommended. Please make your own money management to maximize profits.
Trade active
Trade closed: target reached
Related publications
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.