Volatility in stock markets has spiked since yesterday as participants reassessed recent expectations of a V-shaped recover. Read today’s insights for info on how USTEC, XAU-USD and USOIL have been affected.
Some positivity has returned for oil as countries gradually exit lockdowns and stocks of crude have dropped in the USA. This TA looks at the daily chart of USOIL compared with futures and the general level of contango.
Yesterday’s release from the EIA indicated the first drop in American crude stocks since January. This TA looks at possibilities for USOIL over the next few days.
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