US OIL: Why we were long..
We looked long on various Analysis / Livestreams for US OIL.
Oil is heavily Sentiment based as a commodity.
Tightening supply news pre-empted the move but what really should've struck you is:
- Weeks of harsh down move.
- Key support
- Previous price action
- Market Value
These FOUR things would've led to a great educated assumption which is what you need to make a good trade.
What's more you could've traded the aftermath and took further gains.
Looking for light side Trades in accordance with PA levels (Up or Down).
Oil is heavily Sentiment based as a commodity.
Tightening supply news pre-empted the move but what really should've struck you is:
- Weeks of harsh down move.
- Key support
- Previous price action
- Market Value
These FOUR things would've led to a great educated assumption which is what you need to make a good trade.
What's more you could've traded the aftermath and took further gains.
Looking for light side Trades in accordance with PA levels (Up or Down).
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Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.