OIL/USD Bouncing at key Support & OPEC+
WTI is recovering had a huge selloff in response to the Omicron Variant of Covid leading to many countries shutting down travel and concerns it will be another wave.
OOPEC has to consider we are now nearly $20 a barrel lower so my attempt to stabilize by lowering outpot and cancelling and plans for increasing production. Also any good news on how deadly and vaccine resistant the new strain will be can move the market immensly.
Targetting up to $75 on good news or $70 on normal technical bounce.
OOPEC has to consider we are now nearly $20 a barrel lower so my attempt to stabilize by lowering outpot and cancelling and plans for increasing production. Also any good news on how deadly and vaccine resistant the new strain will be can move the market immensly.
Targetting up to $75 on good news or $70 on normal technical bounce.
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