Oil was held at $20

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Good afternoon, dear traders!

Yesterday, I made a recommendation to pay attention to the May oil futures at a quote of $ 20 per barrel on evening news about US oil reserves.

The stocks came out huge:

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All things being equal, on such news, the oil should lose several dollars of its value at once. But, apparently, there are forces that were able to restrain sellers and protect the round level of $ 20:

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It also became known about the bankruptcy of the first oil shale company in the United States.

Tomorrow, Trump is scheduled to have a meeting in the White House with the leaders of the country major energy companies. Trump is furious and will obviously take measures, laying on this, oil quotes have grown by $ 1.5.

At the same time, May natural gas futures also updated at least Wednesday night:

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I believe that the growth potential for gas during the current contract is very good at up to $2. And recently, there has been a clear correlation between oil and gas prices. I recommend buying gas from current prices and even lower, every 10 cents to $1 with profit-taking of $2.

Success in trading and control the risks!

The material has been provided by InstaForex Company - www.instaforex.com