Long Jul 0.5% E/W
Over the past 2 weeks we have seen downward pressure on the 0.5 E/W with news from the East that there was little demand after tenders issued by Al Zour refinery in Kuwait. However, we are now starting to see some support with the RSI for July saying it has moved into the oversold territory and the market starting to get long according to Onyx CoT.
For Brokerage services across the barrel and to receive our weekly trade ideas, contact insight@onyxcapitaladvisory.com
