OPEC+ proposed a 600k supply cut through to June but are still awaiting to sign off on it, with slow down in global demand this black gold asset price are keep moving lower and in technical perspective Oil traded within the major demand area $50.00 to $52.00/barrel. if big oil cartels keep delaying the agreement on supply cut it will send the oil back to the December 2018 low.
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Thank you for your support!
LamchiuFX
_________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
LamchiuFX