With the moving averages giving buy signal and the price consolidating awaiting the reports, I believe we can expect 41 by Thrusday judging that the reports are bullish and that Libya does not resume production but the OPEC+ deals only lasting this month I believe confidence is low and we can expect a retracement before the end of month turnover unless OPEC+ members decide to extend the deal which is unlikely since they cannot control members of OPEC that are violating the cuts since their economies might crash if they go forth with the OPEC+ deal.
Commentaire:
PS. I am new and just seeing what people think of how I am thinking about this. Feedback highly appreciated.