Can crude oil continue to rebound?
The target of the rebound of crude oil has been verified, and the income has been captured very directly. Have you kept up?
As things stand now, crude oil ended lower for the third week in a row and hit a new multi-month low, though a strong rebound on Friday pared some of the losses and made last week's performance not so bad.
The doom and gloom currently hanging over the market is weighing on overall sentiment and negatively affecting oil prices. The gloomy mood is the result of a combination of factors, including concerns about U.S. banks, concerns over Chinese manufacturing and industrial data, as well as falling U.S. crude inventories, a failed deal to resume Kurdish crude exports, and more.
Barring any new surprises, overall market sentiment is likely to be the biggest driver of oil prices this week. Ongoing worries about the U.S. banking sector and a global recession could push oil prices back toward lows in recent months, while a revival in sentiment could extend Friday's rally.
Sometimes it’s not terrible to be trapped, but the terrible thing is that you have no ideas and methods. If you are always confused or losing money, please enter my free communication channel, it will definitely help you
As things stand now, crude oil ended lower for the third week in a row and hit a new multi-month low, though a strong rebound on Friday pared some of the losses and made last week's performance not so bad.
The doom and gloom currently hanging over the market is weighing on overall sentiment and negatively affecting oil prices. The gloomy mood is the result of a combination of factors, including concerns about U.S. banks, concerns over Chinese manufacturing and industrial data, as well as falling U.S. crude inventories, a failed deal to resume Kurdish crude exports, and more.
Barring any new surprises, overall market sentiment is likely to be the biggest driver of oil prices this week. Ongoing worries about the U.S. banking sector and a global recession could push oil prices back toward lows in recent months, while a revival in sentiment could extend Friday's rally.
Sometimes it’s not terrible to be trapped, but the terrible thing is that you have no ideas and methods. If you are always confused or losing money, please enter my free communication channel, it will definitely help you
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