The Winter Is Coming: Oil, the Essential Fuel for Staying Cozy
While the immediate future of crude oil remains shrouded in uncertainty, the recent price correction could signal an imminent technical rebound. Moreover, the onset of winter in the northern hemisphere is poised to heighten demand for heating oil, potentially bolstering prices.
This is not financial advice, merely my personal opinion. I am willing to accept the potential for financial loss stemming from this belief, which I consider to be well-founded.
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This is not financial advice, merely my personal opinion. I am willing to accept the potential for financial loss stemming from this belief, which I consider to be well-founded.
Boost the idea with your likes for more content.
Trade active:
Im long
Contract size around $400k
Contract size around $400k
Comment:
I was entirely out of long oil when it hit $78 .
today when I saw this dropping so fast . bought $200k size contract . I will buy more just waiting for a small correction.
today when I saw this dropping so fast . bought $200k size contract . I will buy more just waiting for a small correction.
Trade closed: target reached:
I will be a buyer again if it broke through trendline and a bull flag after it.
All I need now is patience and prices go up with out taking me out.