thasili
Long

Trading range, Reversal opportunity

TSX:HOU   BETAPRO CRUDE OIL 2X DAILY BUL ETF A UN
Oil             since january has been cycling up and down between the prices of 40,00 USD to 50,00 usd
This is because most of shale oil             in the united states stops being profitable at 55,00 USD
since there are other cheaper suppliers its prevented to go higher then that price for several
years unless there is a major war affecting that dramatically affects Saudi Arabia.
As far as I know how ever there is no fundamental reason Oil             can't go as low as 35,00
at 35,00.

In the short term oil             Periodically makes textbook reversal patterns, At this time I believe we are seeing another one In any case if you use stops and limits and this to a trading portfolio with such a high risk to reward ratio
its worth             taking the bet.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out