Hello dear energy sector friends and USOIL traders, hope you're doing well guys! ;)
Oil is now in a double Equilibrium range, both on the Daily & on the Weekly. I'm gonna walk you through how to play the break in either direction. Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Upmove is based on hope bot fundamented oil did go only above 57 last 7months on trade headlines Always it returned back drive season over so possible a nice build this week its for a reason that all banks, analists and even the world top oil traders set oil 53-55$ a barrel for rest of 2019 and start of 2020 only some Retail analists saying up the question is whos right the people that trade it up on hope of trade and hope of a rate cut of all other institutions and analists that looking to the downside and playing on reality let me know what u think
Edgy_
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@OiledGerman, Thx for your comment buddy. Any Equilibrium pattern/price tightening will eventually see a break coming. If you're trading the asset with CFD's e.g., you can either long or short the breakout. It doesn't matter who says what, and we don't have to know in which direction the break will come as real traders! ;)
Edgy_
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Leave your ideas/comments/questions here guys! ;) Glad to read them.