Short term long oppturnity
USOIL take a leg down on friday's trading amid of intense "trade war" threat from both China and U.S.
However, we have some pretty good support level below us and futures market indicate some more up aheads of the EIA report on tuesday. I am expecting some possible outlook for US production, but long term we might have a problem with over supply (increase in production level with deregulation)
Set sell price below the resistance line and take this current close price + 1% as the stop loss
However, we have some pretty good support level below us and futures market indicate some more up aheads of the EIA report on tuesday. I am expecting some possible outlook for US production, but long term we might have a problem with over supply (increase in production level with deregulation)
Set sell price below the resistance line and take this current close price + 1% as the stop loss
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