Crude has been anything but friendly however it has also been adamant on growing no matter the cost.
Crude Oil has aggressively passed every reason to decrease AND is still refusing to go further down. That is also the case with Crude Oil Bulls. They have substantial reasons to go long but are meet at an impasse because the economy has no report on direction. The information they do have isn’t promising and the US Government shutdown isn’t helping the matter of uncertainty either.
I mean it’s a roller coaster of emotions BUT you don’t play with your feelings you use your head and the logic is if it meets the criteria it will stand the test and this asset is signaling Long again.
Im relying on my usual supportive reasoning and insight from world news to assess this trade but with sentiment so finicky it’s never that cut and dry.
Regardless of what you gotta pay to play and since the market wants to take risks you might as well take risks too.
Just remember the market has nothing to lose but you do so be mindful how much play money you want to spend.
Now have a Prosperous Trade and God Bless
Crude Oil has aggressively passed every reason to decrease AND is still refusing to go further down. That is also the case with Crude Oil Bulls. They have substantial reasons to go long but are meet at an impasse because the economy has no report on direction. The information they do have isn’t promising and the US Government shutdown isn’t helping the matter of uncertainty either.
I mean it’s a roller coaster of emotions BUT you don’t play with your feelings you use your head and the logic is if it meets the criteria it will stand the test and this asset is signaling Long again.
Im relying on my usual supportive reasoning and insight from world news to assess this trade but with sentiment so finicky it’s never that cut and dry.
Regardless of what you gotta pay to play and since the market wants to take risks you might as well take risks too.
Just remember the market has nothing to lose but you do so be mindful how much play money you want to spend.
Now have a Prosperous Trade and God Bless
Trade active
Potential Profit: 18.45%Trade closed: stop reached
Hey Traders,Looks like the market sentiment reversed to risk off despite working to move past the effects of COVID. Oh well nothing we can do all a part of the trade. Modify your accounts and lot sizes moving forward and let's start setting up for risk off positions.
Prosperous Trading and God Bless
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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.