Trade_Simple_FX

USDWTI H4 - Long from $69.50/b

Long
FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
USDWTI H4 πŸ›’

Even after Saudi cuts, WTI is still trading within our range, expecting more headlines regarding OPEC+ and cuts this week and the next πŸ‡ΈπŸ‡¦

The range for the moment seems to be holding nicely between $69.50/b and $73.50/b with the exception of the market gap.

Longs from $69.50 would be attractive, as there are talks of Saudi looking to boost the barrel price up towards the $80 region. πŸ“ˆ

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