Breaking Into the New Year. So Happy new year trading mates of trading view.
I am breaking down WTI Crude. As we are expecting some price changes with OPEC Production cuts to kick in this month.
Technically sitting After a Huge Selloff Excessive oil inventories. We are at the Summer lows of 2017. And Multi Year lows. We are looking to see potential Long trading opportunities.
OPEC is set to cut 1.8 million barrels a day from the oil supply; In efforts to stabilize prices in the 60-70 dollar range.
Oil reserves have come back at record highs. For sometime now. We are not expecting any big swings in prices for a while. Anticipate for set of oil news to hit the market for the new yer.
My Idea sets the highest potential. Only. Conditions can change at anytime allowing me to make changes during trade. Please trade at your own risk.
Crude Oil Inventories Release Jan 4th 2018
I am breaking down WTI Crude. As we are expecting some price changes with OPEC Production cuts to kick in this month.
Technically sitting After a Huge Selloff Excessive oil inventories. We are at the Summer lows of 2017. And Multi Year lows. We are looking to see potential Long trading opportunities.
OPEC is set to cut 1.8 million barrels a day from the oil supply; In efforts to stabilize prices in the 60-70 dollar range.
Oil reserves have come back at record highs. For sometime now. We are not expecting any big swings in prices for a while. Anticipate for set of oil news to hit the market for the new yer.
My Idea sets the highest potential. Only. Conditions can change at anytime allowing me to make changes during trade. Please trade at your own risk.
Crude Oil Inventories Release Jan 4th 2018
Trade active:
Trade is still active. We came about 50cents shy of targets. But well get into next week to see how things look.
Trade closed: target reached:
Cheers mates.