There are 2 major issues causing the price crash of #OIL:
1. Lack of demand due to Pandemic.
2. Unresolved production cut of major Producers to adjust the supply due to lack of demand.
Risks:
1. Prolong period of lockdown making demand scarce for long period of time.
2. Producers unable to make further production cut as the demand goes down.
Entry: $18 - 23$
Target: $40, $55 $70
Hold Period: 6-8 months
Position Size: 1 lot per trade*
Potential Gain: $2000 - $5000 USD per trade*
Potential Loss: $500 - $700 USD per trade*
If you believe human race will survive this pandemic and will eventually find a vaccine over the next 6-12 months, OIL is the position trade of the year.
* dependent on your broker.
1. Lack of demand due to Pandemic.
2. Unresolved production cut of major Producers to adjust the supply due to lack of demand.
Risks:
1. Prolong period of lockdown making demand scarce for long period of time.
2. Producers unable to make further production cut as the demand goes down.
Entry: $18 - 23$
Target: $40, $55 $70
Hold Period: 6-8 months
Position Size: 1 lot per trade*
Potential Gain: $2000 - $5000 USD per trade*
Potential Loss: $500 - $700 USD per trade*
If you believe human race will survive this pandemic and will eventually find a vaccine over the next 6-12 months, OIL is the position trade of the year.
* dependent on your broker.
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.
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.