Replies to post #280 on Direxion Daily S&P Oil & Gas Exploration & Product (GUSH)

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Yes but regardless of the SA and Russia device also consider whenever COVID-19 subsides (which we don't know when) that will bring a good amount of demand back. Also the price being so low helps demand. Then US producers will have to cut back (takes time but they will) and then add too the huge gap down now in the chart of oil at $41 which those always fill eventually so yes I'm pretty confident oil back to 40s in a few months. Might go back to 20s first though.