RE: WTI JULY $34 TRADING HIGHER28 May 2020 22:13
Vect, What are you basing this on - I appreciate this is an "opinion" board but continual positive uplift in SP is off the mark IMO.
There are many factors, some of which I mentioned in earlier mail (see below) but with the sentiment around the UK Govt following BJ's b,b,b,b,b,b,bbbbbbb approach to some recent issues, IMO, confidence will reflect the current stance.
When gates are opened on lockdown, take the "brace, brace, brace" position and await the next spike and associated market turmoil - look at the blessed "R" value - it's a ratio of infected against newly infected. Apply it to the incubation and contagious periods and on day 1, 100 cases with an R value of 0.9 = 190 (7 days to go), day 2, an R value of 0.9 = 361 etc, etc - and the R value is during "lockdown"...….
Hope I'm reading this right - sincerely hope not, but...…
Good luck all.