USOIL Short/Long
Updated
Insider Bar Based the Uptrend Line Vs Down trend Line breakout
My guess would be #Short
Why ?
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(1) US rig counts keep on increasing
(2) Due to Hurricane US Consumption will be less
(3) US will not allow to Increase crude price to ensure IRAN sanctions doesn't Impact
(4) Until November - Price will be under control
(5) Line break Chart ( Day ) is ready to Break out Short
(6) MACD Cross Over
(7) Put Option for 14 is very High for the week of 9/21
(8) Strong Put Volumes and PCR Ratios
My guess would be #Short
Why ?
------------------------------------------------------------------------------------------------------------------
(1) US rig counts keep on increasing
(2) Due to Hurricane US Consumption will be less
(3) US will not allow to Increase crude price to ensure IRAN sanctions doesn't Impact
(4) Until November - Price will be under control
(5) Line break Chart ( Day ) is ready to Break out Short
(6) MACD Cross Over
(7) Put Option for 14 is very High for the week of 9/21
(8) Strong Put Volumes and PCR Ratios
Note
$69.88 Price action - Broke - UptrendTrade closed: target reached
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