hello traders here is an update of my previous analysis !
price remins flat There is nothing in the news particularly bullish on Monday so gains could be capped and prices could actually fall if conditions in India escalate.According to Reuters, India’s COVID-19 total cases are nudging close to 20 million and analysts are expecting a sharper slump in the country’s demand for transportation fuels in May due to more restrictions.
Furthermore, on Sunday, a leading Indian industry body urged authorities to curtail economic activity, as the nation’s healthcare system was overwhelmed by the spiraling infections.
price remins flat There is nothing in the news particularly bullish on Monday so gains could be capped and prices could actually fall if conditions in India escalate.According to Reuters, India’s COVID-19 total cases are nudging close to 20 million and analysts are expecting a sharper slump in the country’s demand for transportation fuels in May due to more restrictions.
Furthermore, on Sunday, a leading Indian industry body urged authorities to curtail economic activity, as the nation’s healthcare system was overwhelmed by the spiraling infections.
