Martin Shearman

Daily Trade Idea: 14/06/2024

1 min read
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Short Jul 0.5 EW

Nigeria’s newly built Dangote refinery are activating their production of low Sulphur fuel oil which get exported to Singapore. This could weakened the east by increasing an already oversupplied market. This is also supported by the Onyx technical indicators where we can see the price is hitting over bought seen at the Bollinger Band. 

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