Trade Ideas Based on Predictive Analytics: Returns up to 42.51% in 14 Days
Recommended Positions: Long
Forecast Length: 14 Days (5/5/2020 - 5/19/2020)
I Know First Average: 9.23%
Oil and gas market has suffered major decline over the last couple of years. Times of prices $70 per barrel are gone and most of the recent OPEC+ discussions were circulating around efforts to keep the gears turning at $40 level on global scale. Around start of this Spring some traders expressed sentiments that excessive oil supply may cause some storage issues. However, the uncertainty around this subject was such that no one wanted to take responsibility to give any solid estimates on the WTI and BRENT futures prices until end of Spring to Summer of this year. Then May 2020 WTI delivery futures have gone negative.
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I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.