So oil came down to 86 quickly !!! ... next stop 80?
After all the news of Chengdu being shut down due to Covid is not good for the supply chain ... ripple effect will be felt in the oil market!
If oil breaks this long term downtrend, the next few weeks will be indecisive with both Oil bulls and bears tugging at the barrels so to speak.
I am still short ... This is a good CFD trade.
If you want discuss insights do not hesitate to PM me. happy to share thoughts!
After all the news of Chengdu being shut down due to Covid is not good for the supply chain ... ripple effect will be felt in the oil market!
If oil breaks this long term downtrend, the next few weeks will be indecisive with both Oil bulls and bears tugging at the barrels so to speak.
I am still short ... This is a good CFD trade.
If you want discuss insights do not hesitate to PM me. happy to share thoughts!
