US Oil: week 9 kick off
Updated
Hi Guys,
...last Friday US Oil hit 58 level again after Trump's tweet but also dropped again to find support higher than previous one at 55.
Price may be entering an horizontal complex correction period between those bounderies (H58-L55) made of a combinations of double and triple threes.
Strategy: Wait & See if the SMA pushes for a potential BC leg of a Zig-Zag attacking 55. An attack to 58 may be possible too if it crosses the SMA but it will depends on momentum and other external factors (i.e. USD/JPY, DXY, economic datas release, news).
Thank you for your support and for sharing your ideas.
Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
...last Friday US Oil hit 58 level again after Trump's tweet but also dropped again to find support higher than previous one at 55.
Price may be entering an horizontal complex correction period between those bounderies (H58-L55) made of a combinations of double and triple threes.
Strategy: Wait & See if the SMA pushes for a potential BC leg of a Zig-Zag attacking 55. An attack to 58 may be possible too if it crosses the SMA but it will depends on momentum and other external factors (i.e. USD/JPY, DXY, economic datas release, news).
Thank you for your support and for sharing your ideas.
Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Note
Here is a link to an article published by Forbes about it:forbes.com/sites/ellenrwald/2019/02/25/trump-tweets-and-oil-drops-is-that-really-good-for-the-economy/
Note
WTI Tumbles After Surprisingly Large Crude Buildzerohedge.com/news/2019-03-05/wti-tumbles-after-surprisingly-large-crude-build
Note
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Disclaimer
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