Based on my unconventional pattern using the principles of short covering I am cautious about upcoming price behaviour and I am ready to go long in the oil.
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Comments
AlexandreFF
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Excellent the market seems following exactly your pattern good job !
MtS
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nice job, hope you got into the trade even though it didnt touch your entry point
MtS
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nice job, hope you got in even though it didnt touch you entry point
Tech_trader1
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Ahoj, ja myslim ze se odrazime od Supportu 101,30 nahoru, jsem long WTI. Naskocil jsi take Petre, nebo jeste vyckavas..?? :-)
Petr_Suchanek
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Hi, I am still waiting, since oil has no "fuel" to go significantly higher, we need some short covering, which certainly occurs a bit lower and it might be that catalyst. Of course, it might go to the upside from now (without me). I suppose it would be better to wait for US session open.