#Cruide Oil WTI
Since we had this amazing downside rally together with
USD strengh this summer in 
OIL I am in favour of a recovery rally to come during autumn. For sure we are not in for new highs yet but in my humble opinion we could rally until 82ish levels.
First I expect oil to go lower from here first. I would be a buyer of oil around 53USD levels.
I wont buy it on margin as volatility can screw things up in the meantime as such a trade can take quite some time to develop.
I will buy an ETF which I can comfortably hold for a longer period.
The target is a 51 % gain of that trade.
Risk is for new lows below 42 USD.
Since we had this amazing downside rally together with
USD strengh this summer in OIL I am in favour of a recovery rally to come during autumn. For sure we are not in for new highs yet but in my humble opinion we could rally until 82ish levels.First I expect oil to go lower from here first. I would be a buyer of oil around 53USD levels.
I wont buy it on margin as volatility can screw things up in the meantime as such a trade can take quite some time to develop.
I will buy an ETF which I can comfortably hold for a longer period.
The target is a 51 % gain of that trade.
Risk is for new lows below 42 USD.
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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.
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.