Long
Euronav Overview: Oil Transportation
Euronav NV engages in the transportation and storage of crude oil. It operates through the Tankers and FpSO (Floating Production, Storage, and Offloading Operation) segments.
Possible that the need to store oil will equate to winning long trade.
Production cuts will affect future oil tanker demand.
- Euronav reports earnings May 7th
- Relatively strong (High Timeframe) support/resistance lines
- High volume since October 2019
- Looks like it's ready to head to the next resistance line
Possible that the need to store oil will equate to winning long trade.
Production cuts will affect future oil tanker demand.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.