Oil to go Up

2022年9月5日

OPEC+ has agreed to reduce oil output by 100,000 barrels effective next month.
Though the move is symbolic, it shows OPEC’s commitment to defending high oil prices.
The price of oil has bounced off of a key resistance area undeterred by a stronger Dollar.
Expect oil to move upward.

2022年9月8日

交易結束：達到停損點

Prices have gone through a major area of support on demand concerns for oil.
Betting against the trend was a risky proposition to begin with, time to exit any positions.