A few words regarding Macro.
Crude Oil is kind of a peculiar instrument to trade, on condition that its offer facet has been managed for many years. If we glance at a multi-year chart, there was a really evident move that happened in 2014. The drop from over $100 to $40 was terribly sharp and relentless, and it had been driven principally by the new fracking technology. Fracking evidenced to be the tipping purpose for oil, delivery in substantial new offer as international demand declined.
OIL
Since 2015, crude has been commerce at intervals an enormous channel spanning from around $45 to simply over $70 per barrel. There was a short foray towards the $30 space, however the short V-shape recovery suggests that this wasn't a offer / demand issue, however rather a comprehensive stop run.
0 comments:
Post a Comment