With the biggest COVID-19 outbreak in China and Russia’s exclusion from the oil market, it’s hard for Brent to decide on a trend. How to predict what will happen next in such difficult conditions? Let’s discuss the topic and make up a trading plan.
Weekly oil fundamental analysis
Oil, like any other commodity market asset, moves cyclically. Prices that are too high lead to a reduction in demand and eventually fall. Too low prices lead to a decrease in production, resulting in a subsequent growth of futures. When the market reduces both consumption and production simultaneously, oil falls into consolidation. In this… Read full author’s opinion and review in blog of #LiteFinance