PULEMokhothu

USOIL 26.10 +5.15% LONG IDEA

Long
PULEMokhothu Updated   
TVC:USOIL   CFDs on WTI Crude Oil
GOOD DAY TRADERS

HERE IS A LONG IDEA FOR OIL, OIL HAS BEEN TRYING TO REGAIN TRACTION AFTER THE US JOBS DATA

> SAUDI ARABIA RAISED ITS OFFICIAL OIL PRICES THAT COULD HELP IN KEEPING OIL PRICE WITH THE BULLS
> OIL CONTRACT IS HEADING TOWARDS THE SECOND WEEKLY BULLISH CLOSE AFTER PRICE DIPPED BELOW ZERO LEVEL

ON THE 4H WE SEE THE FORMATION OF A DESCENDING WEDGE WHICH MIGHT JUST SIGNAL A MOVE TO THE UPSIDE
IF WE SEE A BREAKOUT OF THE STRUCTURE IN THIS COMING WEEK ,WILL BE LOOKING FOR LONGS ON THE OIL

PERIOD - SWING
RISK MANAGEMENT

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WE STILL RANGING IN A PENNANT FORMATION COULD BREAKOUT IN ANY DIRECTION BUT STILL HOPING FOR LONG CHECK OUT MY FUNDAMENTAL IDEA ON THE OIL BELOW IF YOU TOOK THI ONE HOLD.
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