straco : What happened?
teo ho 101661850 : 19.1 may be today highest price
bullrider_21OP : OPEC+ cut production by 1 m bpd unexpectedly. The market may be happy with the management's reply to the Open Letter. There may also be a short squeeze. Some people may have shorted and are buying back.
bullrider_21OP teo ho 101661850: I think it may rise to resistance around 0.20- 0.205.
yt2021 : will it higher than 0.25?
bullrider_21OP yt2021: May not. Depends on whether Brent crude will reach USD100 or not.
straco : What happened?
teo ho 101661850 : 19.1 may be today highest price
bullrider_21OP : OPEC+ cut production by 1 m bpd unexpectedly. The market may be happy with the management's reply to the Open Letter. There may also be a short squeeze. Some people may have shorted and are buying back.
bullrider_21OP teo ho 101661850: I think it may rise to resistance around 0.20- 0.205.
yt2021 : will it higher than 0.25?
bullrider_21OP yt2021: May not. Depends on whether Brent crude will reach USD100 or not.