Crude Oil (Be Cautiously Bullish)
Updated
Updated View On WTI Oil (19 JUNE 2020)
As predicted on 9 June, We had a quick swing down toward $32 on 12 June and it had a quick bounce.
It is in the strong swing up with bullish candles every day.
The one thing that we need to be careful about is the dwindling volume on those bullish candles.
If there is (If there is) BEAR candle with strong volume appears, be careful. It could happen near at $40-$42 levels. The current price of this CFD is $37.7.
In Summary, Be cautiously bullish and too early to call for a short.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
As predicted on 9 June, We had a quick swing down toward $32 on 12 June and it had a quick bounce.
It is in the strong swing up with bullish candles every day.
The one thing that we need to be careful about is the dwindling volume on those bullish candles.
If there is (If there is) BEAR candle with strong volume appears, be careful. It could happen near at $40-$42 levels. The current price of this CFD is $37.7.
In Summary, Be cautiously bullish and too early to call for a short.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Note
Updated View On WTI Oil (24 JUNE 2020)We are seeing a minor BEAR candle on OIL price right now.
It may the early sign of BULLs slow down.
Take some profit on your long positions if you have. let's see.
Note
Updated View On WTI Oil (30 JUNE 2020)The Oil price is in 3 days bullish trend and the trend will get broken if the price breaks below $37.5.
You should only think about short only if the above mention level is broken.
$32.3-$33.5 will be strong supports.
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