Crude Oil WTI (It is busting some b@lls)
Updated
View On WTI Oil (8 Jan 2020)
Oil is making a strong move recently and it is busting some serious resistant such as $64 region.
It is making a bearish looking pin bar but I reckon the bull momentum shall come in again, sooner or later.
That means every pullback will be a good chance for loading up the BUY positions.
It shall retest $66 sooner or later again.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
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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.
Oil is making a strong move recently and it is busting some serious resistant such as $64 region.
It is making a bearish looking pin bar but I reckon the bull momentum shall come in again, sooner or later.
That means every pullback will be a good chance for loading up the BUY positions.
It shall retest $66 sooner or later again.
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 (17 JAN 2020)Oil has made a strong swing down recently and it is finding the support near the region of $58.
So, we can expect that $57-$58 regions to be a bounce and it may climb higher toward $60 region. Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Note
Updated View On WTI Oil (22 JAN 2020)As we mentioned 5 days ago, Crude Oil price travelled towards $58 and trying to make some bounce.
Apparently, the swing is not strong to me. Sooner or later, it could swing back down and break down further.
As long as the price couldn't break $60 level in the near future, I expect it go to $55.5 soon.
Note
Update On Crude OIL (23 JAN 2020)Did you follow our analysis? Big Pay Check We have.
A massive $3 drop on Oil price as we expected. Congrats.
It shall go $55 .
Trade closed: target reached
Update on Crude Oil WTI (24 JAN 2020)The ultimate expected TP level of $55 is hit.
It may bounce or go sideway of the time being.
We will cash out for now.
Note
Updated View On WTI Oil (7 FEB 2020)The recent sharp dive on the Oil price has wiped many oil buyers out, and it is done and dusted.
It is now at the rangy period of $49 and $52.5 and waiting for the next trend.
As long as it cannot retest the high of $55, we expect Oil shall be under the BEAR/Sell pressure.
Note
Updated View On WTI Oil (14 FEB 2020)After strong sell-down of the recent weeks, the Oil price has found some footing near $50 range.
It may take some time and it shall go into the swingy mood before the next trend comes in.
For now, I will be in Neutral mood (immediate term) with the overall bearish view (mid term)
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