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Medium Term SHORT trade on OIL and related instruments
In the tug-of-war between expected the Covid19-market effects, and the output control of OPEC+, the stage is now set for one of the two to start showing who can last longer.
Taking into account the 10% reduction in oil cut output (until Dec 2020) and the increase in covid19 cases worldwide, the most obvious assumption would be that a tighter restriction of travel could be on the cards real soon.
My analysis on oil and its derivative instruments would be a medium term short for as long as the status quo holds.
Taking into account the 10% reduction in oil cut output (until Dec 2020) and the increase in covid19 cases worldwide, the most obvious assumption would be that a tighter restriction of travel could be on the cards real soon.
My analysis on oil and its derivative instruments would be a medium term short for as long as the status quo holds.
Nota
As the status quo holds, this trade is still in place, a possible SL reduction can be made on this trade, according to your risk strategy & money management strategy.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.