In the present video, Phil Carr from The Gold and Silver Club talks about crude oil in the middle of the week of March 23–27, 2020. He advises how traders should react to the recent volatile moves of the commodity. It is especially important to watch the news about the coronavirus spread as oil prices tend to have an inverse correlation to the number of new cases. US inventories data from the API and the EIA in the middle of the week can also have a big impact on prices.
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SOURCE: Commodity Blog – Read entire story here.