Oil is a buy for me Long

Micro WTI Crude Oil FuturesNYMEX

Description

⋅ Mar 15, 2023 4:19 PM

We are coming into structure on Oil and since it's a very technical market, I jumped into a futures trade at $66.55. Will add another contract if we drop. We should get a bounce soon.

Trend Analysis

Comments

allout06

⋅ Mar 27, 2023 5:59 PM

Wanted to come back to this. We entered at $66.69 and just took profits at $72.50

heavy_assault

⋅ Mar 19, 2023 1:50 AM

read somewhere oil is pricing in GFC style recession already

allout06

⋅ Mar 19, 2023 4:52 PM

@heavy_assault, Probably. Oil does not do well in a recession. $45-$55 wouldn't surprise me later this year.