CFDs on WTI Crude Oil
Updated

US Oil (WTI) Simple Trading Plans

348
Oil has rallied significantly as of late on the prospect of strong summer demand, amid some geopolitical issues.

The demand that has fed in has upheld Oil strength.

We can look to form a short case on these rises;

1) Key price action areas approaching (in trend).

2) Sentiment Bias does not suit, but will upon change. Value Trading is formed on this as entries are taken PRE news sentiment changes.
Note
Still holding off shorts until higher. Some early rejection arriving.
Note
Avoiding entries until well into Monday. Room remains to upside for Shorts within long term trajectory.
Note
Short Side Entries Now Applicable.
Note
Trajectory upheld - short entries underway. Awaiting further dripping / weakness.
Note
Full plans updated with setups.

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.