USOil | New perspective for the week
Updated
On a weekly basis, we have witnessed how the price of oil fell for a fourth straight week to incite a risk of a further decline in price action in the coming week. However, I won't be jumping to conclusions considering the current structure as we need to look out for significant signals that will guide our actions during the new week.
withRisk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
withRisk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
A bearish signal at the breakdown of the channelGood morning
Trade active
Price is back to the entry zone; this could be a second chance if you missed the first oppotunityTrade active
Multiple rejections of the trendline persist as increase selling momentum is expected below the $85 area.Good morning
Trade active
My second position triggered and runningTrade closed manually
Stopped out at break even; I missed the bullish move following the reversal structure.Monitoring price action as update is coming up soon
Good morning
Note
Note
With multiple rejection of the demand zone at the $83 area, buying above the $84 looks promising. Lets see what happensTrade active
Continued rejection of the demand zone still supports a potential bullish opportunityGood morning
Note
After moving over 200pips in our direction during the New York session yesterday. The price has finally broken the demand zone to the downside to incite a bearish signal. I will be looking out for structure that will confirm this bias in the next couple of hours.Good morning
Trade smart. Trade consciously
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