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WTI Oil Spot
Short
Updated

WTI USOil Setting for Short Trade?

268
USOILSPOT

TRADE PLAN
INSTRUMENT: USOil
TIMEFRAME: DAILY
DESCRIPTION
Although fundamental drive illustrates that OPEC+ will cut oil production by 2mil barrel a day going forward, our Technical Outlook suggests that USOil Price will continue to fall untill we arrive at 70.00. The current rally appears a sentiment drive.

We will look to short the market when price visit a 55EMA with some confirmation to short for completion of Daily Bat Pattern.

Updates to follow.

Disclaimer
Charts are educational not investment recommendations
Trade active
as predicted
Trade closed: target reached
Thank you all for trading with us.

See you in the next one.
edgeAZFX
Also on:
Bullish BatFundamental Analysisfundamental-analysisHarmonic PatternsharmonictradersCrude Oil WTIusoilanalysisWave Analysiswticrude

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.
Bullish BatFundamental Analysisfundamental-analysisHarmonic PatternsharmonictradersCrude Oil WTIusoilanalysisWave Analysiswticrude
edgeAZFX
Also on:

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.