Crude OIL another option to consider Due to hurricane..(Option2)
Hurricane could bring prices lower.
China's Oil Demand Decreases hence Seller's in place atm.
BOC hikes rates for the 2nd time in a row now 0.5 to 0.75 0.75 to 1
Hurricane could affect factoring. There will be more necessary for oil
So prices could be heading up mid term but downside move is essential first.
Trade with care..
Lowest range expected is 18-22
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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.