CFD Petrolio WTILong
Oil Getting Ready for next impulse leg $100/barrel
My Gann 20 year cycle is saying february we should see supply.
Confluence with my fib extension and my gann fan that I have back tested.
Pending buy 71/barrel
Watch for supply at 100/barrel
Close trade Q1 2019 when you see breakdown or heavy supply
Fundamental correlation: When the US economy is in a bull market oil rises.
Economic explanation: USD companies produce more goods which requires more oil = less supply of oil so price goes up.
This years theme is USD strength.
Symmetrical diamond continuation pattern has formed on the monthly. (Re accumulation)
Good luck!
Confluence with my fib extension and my gann fan that I have back tested.
Pending buy 71/barrel
Watch for supply at 100/barrel
Close trade Q1 2019 when you see breakdown or heavy supply
Fundamental correlation: When the US economy is in a bull market oil rises.
Economic explanation: USD companies produce more goods which requires more oil = less supply of oil so price goes up.
This years theme is USD strength.
Symmetrical diamond continuation pattern has formed on the monthly. (Re accumulation)
Good luck!
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