LCFXpro
Long

US OIL LONG TRADE

TVC:USOIL   CFDs on WTI Crude Oil
Oil consolidation mainly cause by the disagreement of Russia Energy Minister to the OPEC+ members for cutting the output oil production by 600k BPD. but last night the Minister announced they will hold a meeting today with domestic oil producers to discuss the OPEC+ deal. Market participants seeing some positive hope on this statement therefore we can see US OIL start to gain limited upside move, wait until we see a solid break above $52.00/ barrel to validate the long setup.

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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.



Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Thank you for the update👍🏼
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LCFXpro rima118118
@rima118118, your welcome :)
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Great analysis. Thank you for the update👍🏼
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LCFXpro Kera1960
@Kera1960, your welcome :)
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Went in on a buy @ 50.68. Plan is to hold this for a week or two. Lowest level or turning point @ 49.30. Trying to milk this for what it is worth. Noticed a Bull crossed formed on daily. So up and up we go.
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LCFXpro Gnipster
@Gnipster, what a cheap price you got in! great job man :)
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I also see a bullish engulf forming on the weekly. I'm waiting for a break of structure to look for entries. Great analysis. Good luck!
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LCFXpro Shingi_Lesetedi
@Shingi_Lesetedi, yess me too, thank you :)
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"be greedy when others are fearful and fearful when others are greedy" - Warren Buffet

This idea may be a good example of it. Good luck my friend!
Reply
LCFXpro caseywarning
@caseywarning, Thank you brother :)
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