What to trade on June 2?
Let’s look what moves the market today.
OIL: long time no see
Information is not investment advice
What?
We got so used to seeing WTI at the rages of $10-15 its confident march to $23 appears now as something extraordinary. What’s happening?
Why?
In short, observers see that the glut is probably at its peak globally and starts to diminish. Supply cuts finally started bringing positive effects. Therefore, what used to be the story of the day for weeks in the oil market, now is seen as a short-term obstacle for oil prices to stabilize at a higher level. Most observers expect that level to be around $40 to $50 per barrel, so if no major problem (such as another US-China confrontation) arises, you may start your strategic preparations to welcome bulls back to the oil market. Long time!
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Popular
What to trade on June 2?
Let’s look what moves the market today.
How to trade EUR after the ECB rate statement?
The European Central Bank will publish the main refinancing rate and make a statement on Thursday, June 4, at 14:45 MT time. Also, the ECB press conference will be later at 15:30 MT time.
How US protests affect market?
EUR and gold moved up
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