Position Trade - WTI Crude
There are 2 major issues causing the price crash of #OIL:
1. Lack of demand due to Pandemic.
2. Unresolved production cut of major Producers to adjust the supply due to lack of demand.
Risks:
1. Prolong period of lockdown making demand scarce for long period of time.
2. Producers unable to make further production cut as the demand goes down.
Entry: $18 - 23$
Target: $40, $55 $70
Hold Period: 6-8 months
Position Size: 1 lot per trade*
Potential Gain: $2000 - $5000 USD per trade*
Potential Loss: $500 - $700 USD per trade*
If you believe human race will survive this pandemic and will eventually find a vaccine over the next 6-12 months, OIL is the position trade of the year.
* dependent on your broker.
1. Lack of demand due to Pandemic.
2. Unresolved production cut of major Producers to adjust the supply due to lack of demand.
Risks:
1. Prolong period of lockdown making demand scarce for long period of time.
2. Producers unable to make further production cut as the demand goes down.
Entry: $18 - 23$
Target: $40, $55 $70
Hold Period: 6-8 months
Position Size: 1 lot per trade*
Potential Gain: $2000 - $5000 USD per trade*
Potential Loss: $500 - $700 USD per trade*
If you believe human race will survive this pandemic and will eventually find a vaccine over the next 6-12 months, OIL is the position trade of the year.
* dependent on your broker.
Feragatname
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