Now that it's taken such a big dive down, it looks like it could go back to previous support of 92c. However it could jump back above the trend line and become bullish again.
COVID has taken a hit to the oil industry, including the new agreement in the US to have 50% electric cars manufactured and sold from 2030. Could be a thing? We'll wait and see.
At this point, it's a short for me.
COVID has taken a hit to the oil industry, including the new agreement in the US to have 50% electric cars manufactured and sold from 2030. Could be a thing? We'll wait and see.
At this point, it's a short for me.