Previous oil buying pattern seen in 2010, 2011 breaking of fundamentals and price is driven higher in the final quarter of the year and continued till the 1st quarter of the next year. Although supply pressure may cool down during the winter season but price may rise to $103 and like $108 levels driven by demand.
Unless we see a clear break below then Green support line, because then price will have no barrier to a decline. In that case sell.
Disclaimer:
These are recommendation made for purely learning purposes for the benefit of students and trainers of FutureTrend Training Academy. We provide education and training regarding the stock market, currency and commodities but we do NOT advise on what specific stocks you should invest in or trades you should take. We will teach you about the capital markets and placing trades and any examples used during the course or any trade example using 3rd party technology are for educational purposes only.
Ultimately, it is your decision regarding what specific trades to place. Trading in shares, currencies or commodities is risky. Your capital is at risk. The value of your investments can go down as well as up. While you agree to indemnify Futuretrend Training Centre against any liability for losses incurred.
Unless we see a clear break below then Green support line, because then price will have no barrier to a decline. In that case sell.
Disclaimer:
These are recommendation made for purely learning purposes for the benefit of students and trainers of FutureTrend Training Academy. We provide education and training regarding the stock market, currency and commodities but we do NOT advise on what specific stocks you should invest in or trades you should take. We will teach you about the capital markets and placing trades and any examples used during the course or any trade example using 3rd party technology are for educational purposes only.
Ultimately, it is your decision regarding what specific trades to place. Trading in shares, currencies or commodities is risky. Your capital is at risk. The value of your investments can go down as well as up. While you agree to indemnify Futuretrend Training Centre against any liability for losses incurred.