hello everyone, my last analysis came true (for short position).. price is becoming bullish in the weekly timeframe as of now, however there will be more manipulation next week with the major news (NFT and FOMC meeting)... price is trading above the support level, candle closing above the support level would indicate a possible swing trade. However monthly candle is still bearish (use caution as this could be just minor correction to tp1).. DXY is bearish so far the expected target is 99 (support level) (short position)... dxy is trading below support level 101.7...
For all Canadian here: Buy HOU EFT stock when WTI/USOIL is bullish
good luck to everyone..
For all Canadian here: Buy HOU EFT stock when WTI/USOIL is bullish
good luck to everyone..
Note
Tp1 hit... price is still above the support level... and may likely reach tp2
Note
price will remain bullish as crude oil news favor the bullish side.. may also strengthen CAD index or CXY...Trade closed: target reached
close for now, as price may pull back due to crude oil inventories are higher than forecast
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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.