Technical Analysis

China’s Spring Festival travel rush expected to see about 2.095 billion passenger trips

Eamonn Sheridan

China is in the midst of a COVID-19 wave. The annual Spring festival travel will ensure it spreads far and wide.

On Friday was this in terms of the intensity of travel:

China’s Global Times has more on the travel surge:

Oil traders are eyeing China’s reopening as likely to boost demand. The spread of COVID has slowed reopening and there may be a few more weeks or months of this yet to come with this event.

Oil trade is opening for the week, not a lot changed so far:

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