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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Thank you for the update👍🏼
LCFXpro rima118118
@rima118118, your welcome :)
Great analysis. Thank you for the update👍🏼
LCFXpro Kera1960
@Kera1960, your welcome :)
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.
LCFXpro Gnipster
@Gnipster, what a cheap price you got in! great job man :)
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!
LCFXpro Shingi_Lesetedi
@Shingi_Lesetedi, yess me too, thank you :)
"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!
LCFXpro caseywarning
@caseywarning, Thank you brother :)
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