About the Saudi Arabia strike: Go short
The price for the week ahead is expected to be open with a huge gap because the strike on the Aramco oilfield, which one is expected to reduce to 50% of the current production capability of Saudi Arabia. This event is going to recieve a lot of bulls investor to the commodity but there is still a bigger situation on the demand side. Yes, it is what are you thinking is, the trade negotiation between China and US, which one is expected to atemp the global demand of all goods and service in all the globe, so this situation is going to provide t2o moments in the price:
1) the first one is a strong upside movement, which one is expected to reach at least one of the marked zones, on those zone is important to stay alert for a price action short signal.
2) the second moments is when the price start to fall and you get in to the short operation.
1) the first one is a strong upside movement, which one is expected to reach at least one of the marked zones, on those zone is important to stay alert for a price action short signal.
2) the second moments is when the price start to fall and you get in to the short operation.
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