TheBadPanda

Not a Day Trade #1/365 - CrudeOil

Long
FOREXCOM:USOIL   CFDs on Crude Oil (WTI)
Despite CrudeOil being in consolidation in the last month and a bit I'm still bullish on the stuff. Call me stubborn. After a nice move down on the week, I think this is just to get everyone thinking we're going back to the 35's (don't believe it). So lets watch for a change in direction to take us back up into the 64.50-66.00 range. What do you think will be the final price end of the week? Where do you think we'll be headed into next week?

Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.

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.