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Posted by
Two Blokes Apr 16 -
Filed in
Stock
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3 views
Despite what may seem like an attractive price level for WTI crude, which was trading at US$61.30/bbl at the time of writing, we are staying away from this trade. Historically, we have been bullish on UCO whenever WTI crude drops to around $70/bbl, but current risks outweigh potential gains. Unless the Trump administration manages to seal major trade deals from the upcoming negotiations, business activity and consumer spending will likely begin to stall.
