This week on WTI.

Positive that the WTI will continue on the upside trend this week, based on 3 things I could garner

1. Democrats seem to be extending the olive branch to Trump and asked for a meeting to discuss more stimulus. This was communicated by Trump via a tweet, and oil was observed to be picking up gains after.
2. Comment from Saudi Aramco over the weekend that the demand for oil is picking up in Asia as measures of lockdowns are gradually eased.
3. Easing of factory deflation in China, as reflected in the Producer Price Index (PPI) of China.

Now, if only the US China tensions would ease...then I foresee it'd be a clear run for the bulls.

查看詳情