Like we see there is a need that the oils price want to go above the 100$ again or higher. and how we explained in our last screenshot, the price can easily be playable in that gray bar, but be careful not to entre any positions at the moment.
we can wait to see the end of the correction first, then go back to our main idea, "The big pictures" and conclude want to do.
Thanks for watching this and GL.
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"The Posible Big Picture"
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Success need sacrifice !
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Good Trade and plan. Let's make an idea for the next phase.
That could happen in the mid term I agree. But as a "slingshot" to new ath. Taking this short maybe we should wait for a pullback, since this is strong support we are at, and the first resistance should be around $100. I will try to time my shorts there, but above $105 I wouldn't be bearish. There is an active incentive to lower the oil prices, and bulls seem to be taken aback with it. But fundamentals are strongly suggesting we could see a great rally. Maybe starting around your suggested ~76-78$ range. There I would consider longs. Tell me what you think! Thanks
UnknownUnicorn2830187
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@Sasha_M absolute agree with you, the price can go back to 120$ in a very easy step, but however we see alot of problems in the world that leads to my conclusion and the 1st the high price after the war in russia wish means we face a huge financial echoes that can drove the world creasy and we are in it rn!
just watch for resistance and supports then you good to go (you have 102$ as resistance and 92$ as support) this 2 line are big moves thanks for the comment 🙏🏼
There is an active incentive to lower the oil prices, and bulls seem to be taken aback with it. But fundamentals are strongly suggesting we could see a great rally. Maybe starting around your suggested ~76-78$ range. There I would consider longs.
Tell me what you think! Thanks