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Today may looks like Oil & Gas day but it is rather blue chips day especially banking sector. Be cautious, oil price is still uncertainty internationally, know your time to move forward or retreat.
Even the first production cut agreement is underachieved by OPEC & non OPEC members. What would you think on 2nd phase of production cut? Bear in mind that, 2nd phase of production cut is actually lesser than 1st phase in terms of barrels volume. Russia has the sign to increase production in coming months which would breach the previous meeting agreement.
In fact, US oil shales are planning to restart businesses after the operation stopped for months as they see oil prices continue to rise.
Without a solid demand for the oil, while supply does not even able to reach the agreed production cut. Market would have no confidence with such uncertainty and unstable situation.
I do not have any intention for now. Rather, frankly sharing my personal point of view. If you are asking me about my intention, I would also have interest to know your intention of asking this immature question.
Well said and agreed with ur valuable points. Everyone is responsible for their own investment. High risk high return. I am alerting myself to retreat as soon as possible haha.
No need to trust anybody but judge urself. Take all the comments or news to support ur trading decision. We can speak freely our own comment in this platform for discussion not fighting haha. Happy trading guys
Not to forget, US-China tensions has remained for 4 days, near to a week soon. USD is slightly affected (oil prices trade in USD). In fact, US and Hong Kong (China) are having riot for more than 3 days.
Side note, more than 30 states in US are undergoing curfew from 8pm-5am.
