The news will be explosive news in the New York market. The market is about to fall sharply.
1. The European Union has suspended sanctions on Syria's energy and transportation sectors.
2. Iraq's oil minister said that oil exports from the Kurdish region will resume within a week.
3. BP CEO will abandon his promise to cut oil and gas production.
The news will be explosive news in the New York market. The market is about to fall sharply.
The current oil price is around 70.6, observing from the overall trend. It is still in the downward channel. The support below is loose. According to the Williams indicator, the probability of continued decline in the short term exceeds 95.6%. After breaking the 70 integer level, it will move closer to the price of 69.5 again.
Operation idea: short selling.
Recommended USOIL: sell at the current price.
TP: 71,
TP: 69.5-69