WTI USOil Setting for Short Trade?
Updated
USOILSPOTTRADE 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 predictedTrade closed: target reached
Thank you all for trading with us.See you in the next one.
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