Brent Oil Straddle. The seven-day consolidation of Brent crude oil provides an opportunity for speculation in both directions. Straddle’s strategy makes this possible. Yesterday’s API stocks showed Crude Oil’s market indecision to find the right direction. The possibility of the third wave of Covid-19 is lowering the shopping mood and, on the other hand, declining stocks are encouraging bull traders. The interim ratio is about 50/50. For this reason, CA analysts publish both long and short analysis. The market is technically at a turning point, which can result in a fast and strong break. And this analysis will be ready in both directions.
Chart and Tables source: WebTrader