Get started
robin_bajaj_7

Crude oil (WTI) Short to Medium Term Analysis

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
robin_bajaj_7  
FX:USOIL   CFDs on Crude Oil (WTI)
trading crude Oil investing shortsetup shortterm mediumterm planyourtrade tradeyourplan opec
4
0
trading crude oil investing shortsetup shortterm mediumterm planyourtrade tradeyourplan opec
  • The WTI Crude touched a Low of $40.55 last week after the release of inventory data (Last Wednesday) showing over Supply.


  • The recent release of Chinese PMI data showing signs of Chinese economy slowing down further, which puts additional pressure on Oil going forward.
Read More Here :

  • Buyers Buy $41.10-$41.30 for targets of $44-$45 and a Stop below $40.40.
  • Sellers Wait for the Bounce to complete and Short around $46 levels and stops around $48 targeting $35.

I hope i have not disappointed anyone because i have something for everyone ;) But i am more biased towards the short side.

Happy Trading People
Cheers!!

USOIL

Related Ideas

robin_bajaj_7
Bank Of England is coming :) Watch out
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.