USOIL was down 17.40% yesterday in a sell-off caused by the news that OPEC is considering higher production levels.
The United Arab Emirates said it would support boosting oil supply because of the disruptions caused by sanctions imposed on Russia after Ukraine`s invasion.
President Biden imposed an immediate ban on Russian energy imports.
UK would phase out imports by the end of 2022.
Only OPEC Can Help The West Replace Russian Oil but until we see that, i think USDOIL will have another rally to $127 - $130.
I think the market overreacted to the news.
The United Arab Emirates said it would support boosting oil supply because of the disruptions caused by sanctions imposed on Russia after Ukraine`s invasion.
President Biden imposed an immediate ban on Russian energy imports.
UK would phase out imports by the end of 2022.
Only OPEC Can Help The West Replace Russian Oil but until we see that, i think USDOIL will have another rally to $127 - $130.
I think the market overreacted to the news.
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DAILY HIGH-CONVICTION OPTIONS SIGNALS patreon.com/PremiumOptionsSignals
Options buy freedom24.club/SocialBookTV
RESULTS bit.ly/TG99x
CRYPTOS partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store
Options buy freedom24.club/SocialBookTV
RESULTS bit.ly/TG99x
CRYPTOS partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.