WTI USOil Setting for Short Trade?

Short

WTI Light Sweet Crude Oil Future SPOT (FX:USOILSPOT)

Aggiornato

FX:USOILSPOT WTI Light Sweet Crude Oil Future SPOT

harmonicpatterns fundamental waveanalysis wticrude usoil usoilanalysis bullishbat harmonictraders fundamental-analysis

USOILSPOT

TRADE PLAN
INSTRUMENT: USOil
TIMEFRAME: DAILY
DESCRIPTION
Although fundamental drive illustrates that OPEC+ will cut oil production by 2mil barrel a day going forward, our Technical Outlook suggests that USOil Price will continue to fall untill we arrive at 70.00. The current rally appears a sentiment drive.

We will look to short the market when price visit a 55EMA with some confirmation to short for completion of Daily Bat Pattern.

Updates to follow.

Disclaimer
Charts are educational not investment recommendations

Trade attivo:

as predicted

Trade chiuso: obiettivo raggiunto:

Thank you all for trading with us.

See you in the next one.

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