Just as I thought the 200 EMA had stopped the price for a couple of days...
Today is a very important day. After today's inventory data we will see the next 2 weeks' direction.
AND I THINK IT WILL DISAPPOINT THE SHORTS AGAIN. :)
If the oil inventory data is down we will broke above te 200 EMA and stop out all the shorts again (my bets are on this ) - green way. And we start moving to the 300 EMA
If the inventory data is down we start to move down into the DCL.
I highlighted in the blue box where I wait this daily cycle low and when...
I got a few messages to update oil every day it seems I'm one of the very longs here.
Who wants a daily update please hit the like button and I see there is a demand for it. I will post every day , because this is the possibility of this decade....
Good trading !
Oil inventory data today at 10:00 EST
Today is a very important day. After today's inventory data we will see the next 2 weeks' direction.
AND I THINK IT WILL DISAPPOINT THE SHORTS AGAIN. :)
If the oil inventory data is down we will broke above te 200 EMA and stop out all the shorts again (my bets are on this ) - green way. And we start moving to the 300 EMA
If the inventory data is down we start to move down into the DCL.
I highlighted in the blue box where I wait this daily cycle low and when...
I got a few messages to update oil every day it seems I'm one of the very longs here.
Who wants a daily update please hit the like button and I see there is a demand for it. I will post every day , because this is the possibility of this decade....
Good trading !
Oil inventory data today at 10:00 EST
Note
OIL is printing a reversal on the 4 hours chart - bouncing from the 100 EMA.I think we will try to break next week the 200 EMA - on the daily chart- again.
It's a bit too early for the move down to the daily cycle low.
If we can hold the reversal this level at 38,50 will be a strong resistance...
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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.