Better not to take long positions on crude oil, as crude oil prices may tumble in short term i.e may be less than 2 months from 118 USD level to below 110 USD level.
Ideally crude oil prices general trading price between 70 USD level and 80 USD level.
As Russia and Ukraine war ends totally, there is a possibility that even crude oil prices may tumble below 100 USD in next 3 months.
So better avoid long positions on crude oil.
Wednesday, June 15, 2022 - 15:56 UTC
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