NEW YORK, March 9 (Reuters) - Crude prices suffered their biggest daily rout since the 1991 Gulf War on Monday as top producers Saudi Arabia and Russia began a price war that threatens to overwhelm global oil markets with supply.
A nearly 25% slump in oil prices triggered panic-selling and heavy losses on Wall Street's main stock indexes as the rapid spread of coronavirus amplified fears of a global recession. MKTS/GLOB
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I'M WOULD TAKE A LONG POSITION ON CRUDE HOPING ON A CORRECTION BUT WITH THE MOMENTUM IT TOOK THAT FALL I AM ALSO SURE OF CONTINUATION TO THE DOWN SIDE, MAYBE WEDNESDAY FUNDAMENTALS WILL CLARIFY.....
https://za.investing.com/news/update-14oil-plunges-25-hit-by-erupting-saudirussia-oil-price-war-2048148
A nearly 25% slump in oil prices triggered panic-selling and heavy losses on Wall Street's main stock indexes as the rapid spread of coronavirus amplified fears of a global recession. MKTS/GLOB
CONTINUE READING ON Reuters
LINK ATTACHED
I'M WOULD TAKE A LONG POSITION ON CRUDE HOPING ON A CORRECTION BUT WITH THE MOMENTUM IT TOOK THAT FALL I AM ALSO SURE OF CONTINUATION TO THE DOWN SIDE, MAYBE WEDNESDAY FUNDAMENTALS WILL CLARIFY.....
https://za.investing.com/news/update-14oil-plunges-25-hit-by-erupting-saudirussia-oil-price-war-2048148
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IT SEEMS LIKE CRUDE OIL IS CORRECTING BUT I WOULD WAIT FOR THE FUNDAMENTALS TOMORROW BEFORE BUYING
CCI IS JUST AT -126.8
SO I WOULD WAIT ON THIS ONE......
CCI IS JUST AT -126.8
SO I WOULD WAIT ON THIS ONE......