fxpro86

WTIUSD 11 Feb 2021

Long
fxpro86 Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Looking at breaking major resistant trendline or bounce back down?

What do you think?

Fundamental: after last year oil price , future price crashing, all price reset and FRESH HIGH VOLUME buy orders trigger back!
who buying all the orders from that crash? You or institutions?
And why?

Oil price will sky rocket high! and majority people need to start rethink to use VC as alternative...
that's VC company can make large amount of profit!

Who ever sell oil good luck! Oil tanks merely stored up as backup for world logistic cargo usage... and moving into war cycle, oil will becoming more demand and ever as nation preparing oil as source of main energy to drive army force beside nuclear reactor core.



Comment:
Oil price found extremely strength and broken 66.00 monthly resistant and also retest the purple zone for good entry to long.

Anticipate oil price to find next resistant zone @ 91.50
Fundamentally, Oil already in bullish cycle into coming years as broken the long term downward triangle channel. Institution already price in very early since 2020 April Big Crash.

Every pullback in weekly is a opportunity to long.
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