oil collapsing recession coming ?
price are going down in vertical line and heading towards big white support zone
on recession fear in big economy after yesterday's pmi number
EV trend also eating future demand for oil
if global recession already began than EV trend after that recession recovery accelerate than oil may face multi year demand destruction
on recession fear in big economy after yesterday's pmi number
EV trend also eating future demand for oil
if global recession already began than EV trend after that recession recovery accelerate than oil may face multi year demand destruction
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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.