Nordex Remains in a Breakout Position due to High oil Prices!

Attacks on the Iraqi Majnoon oil field and a tanker near Fujairah are unsettling the markets on Tuesday. The result? The price of Brent crude oil remains above $100/barrel. The Sword of Damocles is a possible destruction of the oil infrastructure on Kharg Island, which Donald Trump has not ruled out. Such a move would further escalate oil prices and make quotations around $150 per barrel more realistic. For the old economy, this is a cost shock, while for companies like Nordex , it is more of a sales argument. Order momentum and optimistic margin...