USOIL: Bullish Outlook with Probability-Based Entries
Updated
1. OPEC+ production cuts continuing to tighten supply
2. Geopolitical tensions in the Middle East raising concerns about potential supply disruptions
3. Improving economic outlook in China, potentially boosting oil demand
4. Seasonal increase in oil consumption as we approach summer driving season
I'm utilizing probabilities to position myself into longs on USOIL.
By combining this probability-based method with my bullish bias, I aim to enter USOIL longs at optimal points with favorable risk-reward profiles.
Feel free to let me know if you need any further adjustments!
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Wishing you a great trading week!
Trade closed: target reached
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