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BCOUSD

BCOUSD : LONG (TF = 2H)I also think about the expectations for crude oil for brent oil . The average analyst forecast for Brent oil in 2019 is $ 70. My personal opinion is that brent oil should be between $ 60- $ 65 under the current conditions. This week's news feed could give us the jump we expected and this band's bottom may be upper than 60 dollars. Since our time frame is small, this trade involves a lot of risks. To mitigate these risks, I recommend: RISK/REWARD RATIO : 1/3 POSITION SIZE : %1 STOPLOSS : 62.870 GOAL : 65.897 NOTE : A question came to me: Is the position still the same even if the bigger timeframes ? My opinion is that the position size in each time period smaller than the weekly time period should be 1%.
OANDA:BCOUSDLong
by Noldo
HERE'S WHY BRENT CRUDE STILL HAS UPSIDE POTENTIALHi traders, you may already be aware of our long position in Brent crude (check on our profile), and this is a quick update of how things are looking now. The double bottom pattern confirmed with a bullish RSI divergence is working out quite well so far. Especially yesterday and today, as the US CPI came in lower than expected, did Brent crude make significant progress to the upside. We're still holding our long and will notify you when we close it or when it reaches our TP. Like and share :)
OANDA:BCOUSDLong
by MujkanovicFX
GLOBALISTS AT IT AGAIN, OIL PRIMED TO RUN (BCOUSD)Hello traders. This weekend, YEMENI REBELS have taken credit for a MAJOR DRONE STRIKE on Saudi Oil production, affecting their total output by HALF and therefore decreasing global supply by 2.5%. Shortly thereafter, American officials turned to IRAN to place blame. The American government has been pining for this conflict for a very long time. With any luck, whatever your political leaning might be, President Trump will see through this facade and keep the brave American military OUT of such a conflict. There is no excuse for the exchange of human life for profit!!!! All this to say, BAD FOR EARTH, GOOD FOR OIL SPECULATION. The technicals on Brent Crude, though somewhat 50/50 in my eyes, show CLEARLY that oil indeed has room to run here. This Black Swan event could be the perfect catalyst to cause a major spike in price. There isn't much more to say. I will be taking a market trade here with a relatively tight stop. This will be a low Risk high Reward trade. Good luck everyone. Most importantly, stay safe my friends.
OANDA:BCOUSDLong
by vox-populi
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