The oil will inevitably remain near lows for a long time. Excess capacity reaches a huge 20 million barrels per day. At best, the oil will not fall further.
Euro’s growth is not justified – there is no good news from Europe yet. Plus, a negative economic situation is expected in the next three days this week.
You can follow the direction of movement:
You can buy after breaking through the level of 1.1150.
Sell from 1.0635.
Coronavirus and Russia:
I will repeat my forecast of March 30 for Moscow.
The number of new coronavirus cases will grow at a rate of 20% to 25% per day until April 15th. On the same day, the slowdown in the growth of patients will begin, the quarantine will then start to have an effect.
By this time, the patients in Moscow are expected to reach at 15,000 to 30,000.
The quarantine is expected to be extended until April 30 at least (my forecast for March 30).