USOILOPEC Russia and Saudi have agreed to reduce supplies.
Thou as prison dilemma in game theory prove the likelihood these countries will cheat.
Goldman bearish forecast on oil have led to the pullback.
Oil rally will not last.
But optimism on the lockdown lift outweights these rationale.
We would trade with the trend, but would not hold long position when oil prices are above $43.
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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.