Oil: Destroyed By Trump!
Hello dear energy sector traders, hope you're doing well guys! ;)
Donald Trump caused WTI Crude Oil to crush today around 8% through additional tariffs on China after the FED didn't come out with the expected actions either.
=> When we compare to our previous analysis, we have now our clear weekly lower Highs set at $60:
We will now look towards a bounce going on from the $52-50 psychological range: Either it will be short lived bounce, breaking that support: in this case we'll have around 12-13% profit potential until the previous low range at $45.
Or of course, we will further tighten between $60 and $52. In this case, we'll still have the chance to break the Equilibrium bullish eventually, leading towards $65.
=> The great thing about breakout trading is: You can make profit no matter which scenario plays out! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Donald Trump caused WTI Crude Oil to crush today around 8% through additional tariffs on China after the FED didn't come out with the expected actions either.
=> When we compare to our previous analysis, we have now our clear weekly lower Highs set at $60:
We will now look towards a bounce going on from the $52-50 psychological range: Either it will be short lived bounce, breaking that support: in this case we'll have around 12-13% profit potential until the previous low range at $45.
Or of course, we will further tighten between $60 and $52. In this case, we'll still have the chance to break the Equilibrium bullish eventually, leading towards $65.
=> The great thing about breakout trading is: You can make profit no matter which scenario plays out! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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