Quick analysis for the next few days :
- Most of my indicators indicate a long
- The russian oil ban is still in vigor which means higher prices will probably remain
- Production hasn't really been increased
- China / taiwan situation
And simply
- It went down quite a lot lately and may need to go a little higher if it wants to go down THAT bad.
Tell me what you think, what are your bearish arguments on oil ?
- Most of my indicators indicate a long
- The russian oil ban is still in vigor which means higher prices will probably remain
- Production hasn't really been increased
- China / taiwan situation
And simply
- It went down quite a lot lately and may need to go a little higher if it wants to go down THAT bad.
Tell me what you think, what are your bearish arguments on oil ?
Trade active:
1st target reached, needs to bounce and might go higher afterward
Comment:
Alright, didn't update the idea but it pretty much followed my plan ! it might go lower now.. even tho i don't believe in low price oil