As I’ve said traders sold on good news last Friday then typical bounce Monday and recovery of oil in the next few days or weeks. Oil dropped 30% due to Saudi announcing the oil price war. Now that the deal has been officially made and the oil price war is done, we can all move along and focus on the coronavirus recovery. Remember, oil price is directly related to an economy’s condition, higher prices means that there’s an Economy boom and lower Price vice versa. Looking at $1.62- $1.70 this week. Gltah, all imo. Australia had its best of coronavirus yesterday, only 3 then just 13 today so we are at a flattening curve already. Oil prices already up today.
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3 | 86725 | 1.295 |
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Price($) | Vol. | No. |
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1.310 | 267452 | 7 |
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