WTIUSD – Shall we take long position ???

Chart patterns give clues of trend reversal to long WTIUSD.
Shortly @trajkovic will take stage and explain us the rest of the story…
I love it ^_^
best chart ever
DianKemala DianKemala
@DianKemala, i follow u ^_^
CitRoN_RouGe DianKemala
@DianKemala, Thanks...
wtf is this
@Trevf98, ¿¿¿
maybe yes! maybe not! Hard to predict. Over supply? A weak economy? Uncertainty is for gamblers, not for traders
Thank you CitRoN_RouGe! Très mignon!

Supply / Demand logic has turned around. Producers are no longer in a position of strength, its a buyers' market. Production security plays a big role, now, who provides security - buyers and their military. Demand has been rising over the past 9 months depleting reserves, say that demand will continue to rise at ever grater gradient - so will the production. Advancing technology is playing the role of a deflator. So in real terms there is no need for oil prices to rise, but they will. Why - speculation. In order to secure ongoing demand for US Dollars around the world - US administration (mainly FED and MIC) will act as required. Currently, FED is assisting the troubled world in purchasing oil and other commodities by allowing (manipulating) dollar down. All is well until DXY is in allowed range. The puppets are also assisting by manipulating demand and the currency by the virtue of a "stimulus". There is room for further decline in DXY which the speculators are eager to exploit. Demand for US Dollar must be maintained
@trajkovic, Firm analysis thanks, that completes the -l'ours en peluche- story. You mentioned an "allowable DXY range" with further room for decline. Still lower than 91.0 ??? Technically there is a deep hole below that level, even extending down to niveau 80.0
trajkovic CitRoN_RouGe
Currently we are in a zone of ambiguity. Good time for swing traders but not for trend followers. I change my opinion every day. My long term bias is up but we may see a prolonged dip prior to recovery
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