Long in WTI
Hello guys. I'll share a trade that I'll actually take on USOIL (WTI Oil). We saw in the 2 hours frame that only the wig has gone below $64.50. So it seems to reject that support. My takes are it's going up to the 2 months resistance around the major key level of $68.00. Adding the cuts on the US Oil production and the increasing demand should hype the price towards that level. Use proper risk management, remember oil is pretty volatile.
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.