Medium Term SHORT trade on OIL and related instruments
Aggiornato
In the tug-of-war between expected the Covid19-market effects, and the output control of OPEC+, the stage is now set for one of the two to start showing who can last longer.
Taking into account the 10% reduction in oil cut output (until Dec 2020) and the increase in covid19 cases worldwide, the most obvious assumption would be that a tighter restriction of travel could be on the cards real soon.
My analysis on oil and its derivative instruments would be a medium term short for as long as the status quo holds.
Taking into account the 10% reduction in oil cut output (until Dec 2020) and the increase in covid19 cases worldwide, the most obvious assumption would be that a tighter restriction of travel could be on the cards real soon.
My analysis on oil and its derivative instruments would be a medium term short for as long as the status quo holds.
Nota
As the status quo holds, this trade is still in place, a possible SL reduction can be made on this trade, according to your risk strategy & money management strategy.
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