Every time 
USOIL seems to be the popular theme of a long, it finds some hovering and massive resistance @ 40 / bar. The round number of 40 isn't some magic coincidence but the circled mark day traders are manipulating this weird trend through. Oil did go 43+ and seemed well en route to 45, but WHO IN THE WIDE EARTH, can predict - WHEN it goes 45+
Damn near want to start a betting pool on that as the solitary prop.
OIL 45+ by....
JAN (LIST ODDS)
FEB, etc, etc. Say this is a bad idea because it is, and it's already done : betting the futures. But not a soul can call the timeUSOIL returns to 45, and the idea it returns to 2018 and earlier, glory, is at least starting to look a little delusional. There is a real transition occurring, towards natural E sources - how long that takes, again, is a bunch of ***kery guess work I won't exactly wager i know better than others on.
But whatever is going on withUSOIL, it's entirely unsurprising and absolutely should be MORE DISCUSSED - the sheer inability to maintain buyer confidence at 40-plus: It's there. No denying it.
USOIL seems to be the popular theme of a long, it finds some hovering and massive resistance @ 40 / bar. The round number of 40 isn't some magic coincidence but the circled mark day traders are manipulating this weird trend through. Oil did go 43+ and seemed well en route to 45, but WHO IN THE WIDE EARTH, can predict - WHEN it goes 45+Damn near want to start a betting pool on that as the solitary prop.
OIL 45+ by....
JAN (LIST ODDS)
FEB, etc, etc. Say this is a bad idea because it is, and it's already done : betting the futures. But not a soul can call the time
USOIL returns to 45, and the idea it returns to 2018 and earlier, glory, is at least starting to look a little delusional. There is a real transition occurring, towards natural E sources - how long that takes, again, is a bunch of ***kery guess work I won't exactly wager i know better than others on.But whatever is going on with
USOIL, it's entirely unsurprising and absolutely should be MORE DISCUSSED - the sheer inability to maintain buyer confidence at 40-plus: It's there. No denying it.Note
Even if it spikes to 42 by the end of October, there is 0 ruling out a retrace to sub-40. I think this has happened at least six times already ffs.
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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.