This week May 31-Jun 5 we can expect a fairly bullish market with expected retracements as we go overall I am expecting to see highs of 36.5 to 37.0 as the demand for oil increases and by extension, consumption resumes. If we get a reopen of the economy we could see oil settling back into its comfort zone of 36.2 and resting there as it fills orders. Watch for the retracements though as we expect a drop off to about 33.2.
This is not financial advice and is not to be taken as such nor is it a signal to trade. This is simply a read of what the market may do.
This is not financial advice and is not to be taken as such nor is it a signal to trade. This is simply a read of what the market may do.