OIL (WTI) Decision Time
Decision time
At a key area of support and underpinned by slow down in manufacturing in China because of the Coronavirus resulting in a lower demand for the commodity. We are relying on some sought of event to give us a bounce for bulls to take back control, maybe an oil tanker going down, some explosion, some disagreement in the middle east? Or maybe even oil workers walking off the job?
At present price we don't expect oil companies to be able to cope with manufacturing costs and being able to pay work salaries etc. We need a slow down in production for this bounce...
Best of luck. We are neutral
At a key area of support and underpinned by slow down in manufacturing in China because of the Coronavirus resulting in a lower demand for the commodity. We are relying on some sought of event to give us a bounce for bulls to take back control, maybe an oil tanker going down, some explosion, some disagreement in the middle east? Or maybe even oil workers walking off the job?
At present price we don't expect oil companies to be able to cope with manufacturing costs and being able to pay work salaries etc. We need a slow down in production for this bounce...
Best of luck. We are neutral
交易進行
We are in the sell
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。