USOil | New perspective for the week | Follow-up detail

21 mag 2023

Oil prices reversed on Thursday and Friday to transition into a choppy situation to the disappointment of buyers as talks to raise the U.S. debt ceiling hit an impasse. Market participants were reluctant to have open buy positions into the weekend, on the off chance that an agreement to raise the U.S. government’s debt ceiling is struck over the weekend which could result in a huge gap at the beginning of the incoming week. In this video, we acknowledged the consolidation phase (between 70 and 74 zones) - a range that will be a determinant of price action in the coming week.

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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.

22 mag 2023

Nota

The week has started on a bearish note but remains within a range. Waiting patiently for signals

Good MOrning

22 mag 2023

Trade attivo

Secure all buy positions

22 mag 2023

Trade attivo

UPDATE

23 mag 2023

Trade chiuso manualmente

Price action takes out the buy position with a small profit as a choppy situation is observed along the bearish trendline identified in the video hereby increasing the potential for bearish expectations. Waiting for a structure to mature.

Good MOrning

23 mag 2023

Trade attivo

Secure buy positions

23 mag 2023

Trade attivo

UPDATE

Ensure buy position is secured

23 mag 2023

Trade attivo

UPDATE

24 mag 2023

Trade attivo

Secure all buy positions

Good Morning

24 mag 2023

Trade attivo

Fall out from our live session this morning; secure all buy positions as we have another position triggered at the breakout of the 73.90 level

25 mag 2023

Trade attivo

Despite caught within a range in the last 48 hours, structure still remain bullish ahead of the FOMC today. We are ofcourse going to keep the option of selling open if price breakdown/retest 73.50 zone.

Good Morning

25 mag 2023

Trade attivo

Fallout from our morning live session; secure sell position as price breaks down the trendline and the 73.50 level

25 mag 2023

Trade attivo

Time to secure sell position

25 mag 2023

Trade attivo

Secure all sell positions; the GDP data came in positive at 1.3% as buying pressure resumes around the 72.50 zone

25 mag 2023

Trade attivo

Secure all sell postions

26 mag 2023

Trade attivo

Following a strong impulsive bearish move that gave us over 300 pips yesterday, it appears price action has found "support" at what looks like a retest of the descending trendline that was broken to the upside at the beginning of the week.

Good Morning

26 mag 2023

Trade attivo

Fall out from our live session this morning

26 mag 2023

Trade attivo

Secure positions as second buy position is triggered