If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
I am not a professional trader and I am not living from trading. Profitability is yet not given with my Trade set up and I am still learning. Goal of publishing my ideas is to document it in my trading logbook. Also crazy ideas for stress tests may be posted. Keep this in mind before simply copy trading ideas which you find at trading view (I noticed a lot of people are doing it here).
I will take all my equity and short now the market. Puuh.. what a luck that you commented my chart :-)
Solar is now being used for generating electricity and power... (Infact the prime source of all energy on this planet is SOLAR - including the Crude oil).. Necessity is the Mother all sciences. The relentless greed of the Oil producing countries pushed humanity to find alternate and SOLAR is the substitute.. Even long distance air flights have been tried and tested to run on solar power... Saudi is now constructing the world's biggest power station out of Solar... Solar is the only future... oil is NOT.
My dear friend, myself am long in oil... but the facts cant change just because You and I are long on oil.
Infact although everybody on this world should know solar and windpower and even more alternative energies the crude oil market is bullish, furthermore we can observe a bullish trend channel and a possible inverted shoulder head shoulder...
The knowledge of the market players and their reactions due to their knowledge can be read in every chart.... this is what technical analysis is about....