Even the crude storage is full, the demand is low.. But one thing that I've noticed that, the American will not give up with their economy to perish and slumping down. They will take action to fight against it, and make any things to save the economy. President Trump was a great investor and business man. He know what to do, and adjust where he can. I really admire him, the way he thinks an manage the economy.
Plus, the contract will be renew in few days, and it will bring the price higher than expected. The week before, there is nobody aware and notice that the contract expired and plunge the oil into minus price. And today, they already know and re branding the skills and take action into it.
My perspective in this coming days is looking for uptrend trade. In the nearest trade I will looking for resistance profit take. Be aware that the weekly candle is still bearish.
If you like my analysis, please do like, follow and comment if you have an idea.
PLEASE BE AWARE ... ALL PROFITS AND LOSSES IS AT YOUR OWN RISK !!
Plus, the contract will be renew in few days, and it will bring the price higher than expected. The week before, there is nobody aware and notice that the contract expired and plunge the oil into minus price. And today, they already know and re branding the skills and take action into it.
My perspective in this coming days is looking for uptrend trade. In the nearest trade I will looking for resistance profit take. Be aware that the weekly candle is still bearish.
If you like my analysis, please do like, follow and comment if you have an idea.
PLEASE BE AWARE ... ALL PROFITS AND LOSSES IS AT YOUR OWN RISK !!
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Waiting for EIA report tonight, still so risky.
