Hi Traders, hope this will help your view of the market regarding 
USCRUDEOIL
BIAS: BUY
Logical Analysis:
SELLER gave a big discount from 3rd of April (72.00) till 9th of April (56.00). It was fast and healthy.
BUYER agreed to buy at 60.00.
Business is on around that 60.00 level.
I am bias to buy because i believe the BUYER is in control and want to buy more and the SELLER is not giving a discount because the BUYER is keen to buy high.
Technical Analysis:
See Chart :)
Good Luck!
USCRUDEOIL BIAS: BUY
Logical Analysis:
SELLER gave a big discount from 3rd of April (72.00) till 9th of April (56.00). It was fast and healthy.
BUYER agreed to buy at 60.00.
Business is on around that 60.00 level.
I am bias to buy because i believe the BUYER is in control and want to buy more and the SELLER is not giving a discount because the BUYER is keen to buy high.
Technical Analysis:
See Chart :)
Good Luck!
Trade active
good luck
it looks like the BUYER is Back, :)
Trade closed manually
the price is not moving stronger than i had expected, Price might go lower, i will re enter later on for the buyNote
price has followed the analysis. lesson learned here is not to get to involved and emotional about it. i got out of this trade base on the price not showing to much strength on the buy side and it was close to NY open which can definitly push the price either way... next :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.