Oil seen trading in the $90 range in the second half – TDS
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
Economists at TD Securities discuss the Oil market outlook.
“While the risks of renewed Oil price weakness are very real, they are increasingly becoming speculative investor driven, and not fundamentally caused. A drop in liquidity associated with a lack of a solution on the US debt ceiling front renewed hawkish talk from the Fed, or increasing concern surrounding growing Covid cases in China could well see spec knee-jerk selling and another test of recent lows again. However, we don’t view this as likely, or very durable should it occur.”
“We see Crude trading in the $90/bbl range in the second half, driven by still strong demand growth this year, OPEC+ commitment to tighten markets and continued demand recovery in China due to post-COVID normalization.”
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
