Based on potential issues with Iran involving the Hormuz Strait I just published and quickly cancelled a chart looking for a run up to 76.5-77.5 and then a pullback to 74. But then thought - if this issue continues to unfold then prices may just continue to grind up over the next month without much in the way of prices pulling back. I am highly advising taking partial or even full profits at the 76.5-77.5 area in the even that Hormuz becomes a non-isse early in the week, but if prices hover at the 77 level, it may be a sign of a continued bull run and i believe a move toward 80-81 is very possible.
Enter Long: 73.82-74.12
TP1: 76.49
TP2: 77.67
TP3: 78.86
TP4: 80.00
I am advising re-adding/building long positions on a pullback from TP2 and TP3 (see chart for re-add levels).
Questions and comments are welcome, good trading all!
Enter Long: 73.82-74.12
TP1: 76.49
TP2: 77.67
TP3: 78.86
TP4: 80.00
I am advising re-adding/building long positions on a pullback from TP2 and TP3 (see chart for re-add levels).
Questions and comments are welcome, good trading all!
Trade attivo
This trade is active!Nota
Monthly:s3.amazonaws.com/tradingview/snapshots/w/WELDWxOX.png
Weekly:
s3.amazonaws.com/tradingview/snapshots/f/fj8VXiwe.png
Long Term Supply/Demand created:
s3.amazonaws.com/tradingview/snapshots/0/0APnppY5.png
Current on Daily Chart:s3.amazonaws.com/tradingview/snapshots/x/XR5ChCtw.png
Good trading all!
Nota
SAME LEVELS Current on Daily chart: s3.amazonaws.com/tradingview/snapshots/x/XR5ChCtw.png
Trade chiuso: stop raggiunto
Well,looks like the tariff situation created heavier supply than what EIA could bring on a nice draw today. Big selloff today unfortunately, back to the drawing board.Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.