VasilyTrader

CRUDE OIL (WTI) One More Bearish Leg?! 🛢️

Short
TVC:USOIL   CFDs on WTI Crude Oil

WTI Oil is trading within a strong daily supply cluster.
Taking into consideration that from the beginning of the month
the market is very sharply bearish , chances are high that the price will start falling soon.

Goals:
70.0
67.7

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Comment: Check my new analysis on BITCOIN, EURNZD, GBPCHF, S&P500:

Comments

Are you bearish on WTI?
+3 Reply
danta_master VasilyTrader
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Tradersweekly VasilyTrader
@VasilyTrader, Not really. I am bullish indeed. Recent slump was just temporary reaction to supply boost announcement. But overall this deal has cleared uncertainty about future supply boosts which supports stability in the oil market. Also lets not forget that oil market is still far from where it was before pandemic. Market simply demands more oil = higher prices.

+1 Reply
VasilyTrader Tradersweekly
@Tradersweekly, good analysis!
Reply
Tradersweekly VasilyTrader
@VasilyTrader, Thank you.
Reply
Nice stuff, thanks for sharing!
Reply
VasilyTrader ForexTrendline
@ForexTrendline, you are welcome my friend ☺️☺️☺️
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