Rollercoaster in the markets

20 March 2020

Oil forecastDear clients,

Oil and stock markets amid the coronavirus and the "oil war" are experiencing sharp drops and subsequent growth. Together with them, the major currencies fluctuate — the dollar and the euro.

However, after the shake, #WTI oil and the US stock market expect positive prospects. Check out the forecast:


#WTI

"Today will take place a quarterly expiration of options for the American WTI oil grade. After expiration, a reverse trend is observed. As oil has fallen in the past few weeks, today we should expect growth in quotations. Investors will fix their positions, which will call a correction in the market. Trading recommendation: Buy #WTI, take profit 28.44"


#SP500

"US President Donald Trump said the medicine Remdesivir shows excellent results in the fight against coronavirus. Soon this drug will be available to everyone, which will defeat the COVID-19 epidemic. This is positive news for the US stock market. Trading recommendation: Buy # SP500, take profit 2540"


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