The Winter Is Coming: Oil, the Essential Fuel for Staying Cozy
While the immediate future of crude oil remains shrouded in uncertainty, the recent price correction could signal an imminent technical rebound. Moreover, the onset of winter in the northern hemisphere is poised to heighten demand for heating oil, potentially bolstering prices.
This is not financial advice, merely my personal opinion. I am willing to accept the potential for financial loss stemming from this belief, which I consider to be well-founded.
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This is not financial advice, merely my personal opinion. I am willing to accept the potential for financial loss stemming from this belief, which I consider to be well-founded.
Boost the idea with your likes for more content.
Trade active
Im long Contract size around 400k
Note
moved the SL into BE. now my trade is risk free . All I need now is patience and prices go up with out taking me out.
Note
I was entirely out of long oil when it hit $78 . today when I saw this dropping so fast . bought 200k size contract . I will buy more just waiting for a small correction.
Trade closed: target reached
I will be a buyer again if it broke through trendline and a bull flag after it.
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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.
Related publications
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.