OIL long-term view on the demand side (long position)
In my view, what is happening now is only the collection of demand and knocking out the position of other market participants on long-term positioning in order to buy.
We do not know, what market will do in following days, it depends on Sentiment (Media and News), but in my view this is the second wave and preparing for breaking up in the 3rd wave.
This is my long term view. Do not speculate for this, because the price can do anything in the near/medium term.
Always control risk and manage your positions accordingly!
We do not know, what market will do in following days, it depends on Sentiment (Media and News), but in my view this is the second wave and preparing for breaking up in the 3rd wave.
This is my long term view. Do not speculate for this, because the price can do anything in the near/medium term.
Always control risk and manage your positions accordingly!