Last 5-6 trades made a move in oil less painful and I'm considering to add to my longs in oil. News on vaccine, Inventories and RSI are supporting entry.
Conservative traders will wait for confirmation. Target 54.80(under uptrend line that becomes resistance, horizontal resistance and just shy of 38.2% Fibo correction.
Good luck!
Conservative traders will wait for confirmation. Target 54.80(under uptrend line that becomes resistance, horizontal resistance and just shy of 38.2% Fibo correction.
Good luck!
Note
today's OPEC meeting didn't help us, but it didn't change much. Still holding those longs.
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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.