Oil Price Recedes as Expected - Target $24

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  • Oil Price Recedes as Expected - Target $24

I must say I am impressed with my judgement, Oil fell 7% pre market due to OPEC+ meeting being postpones to 8th April which was due  to be held on 5th.


The price crept back up on early UK market open. But expecting it to fall back… to around $24 at most.


I've put some Trades on Virtual Portfolio to monitor, as I am not going to short Oil as it is too strong a commodity. The Virtual Trade is for learning, I want to see how the option prices behave as Oil price recedes.

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  • 14 Apr 20
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Oil

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