SIGNAL REMINDER – CRUDE OIL LONG
CA analysts would like to remind of the Long analysis from 20/12/1. Last week’s inventory statistics show considerable incentives for the further rise in prices.
ORIGINAL TEXT: Crude Oil Long. Due to further expectations of a decline in stocks this week, the price of Light Sweet Crude Oil is rising. The current mood in the market puts it in the position of strong buyers. Friday’s reports show increases in the long positions of institutional investors. The current upward trend could continue to the before coronavirus period prices of $ 60 per barrel. For some traders, this may be a hedge strategy.
Chart source: WebTrader