USOIL 128.00 6.36 % LONG IDEA * CONT. PTTNS & PRICE ACTION
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
LOOKING AT THE USOIL
* The ENERGY is currently trading in an uptrend , just consolidated and rejecting at the base of this structure, fundametals went in and saw the ENERGY sour to $132 highs.
- Short term the pair is currently at the supply zone could go lower but looking for possible continuation with the bulls with evrything happening fundametally wouldnt be surprised to see a challenge of the 2008 high of $ 145.85 in the near future but well we are not there yet.
- The energy saw a break and close above a structure possibly signaling that we could see some continuation with the bulls.
- Looking for LONG entries on the THE CRUDE swing should all the rules of the formation be met but we might see some correction before this comes to play.
******* CRUDE OIL INVENTORIES TOMMORROW will definitely be interesting, the increase in the oil is actually MORE than expected @ -2.597 M which implies weaker demand and the energy could react BEARISH which support the idea of a correction and delay before continuation.
So lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
LOOKING AT THE USOIL
* The ENERGY is currently trading in an uptrend , just consolidated and rejecting at the base of this structure, fundametals went in and saw the ENERGY sour to $132 highs.
- Short term the pair is currently at the supply zone could go lower but looking for possible continuation with the bulls with evrything happening fundametally wouldnt be surprised to see a challenge of the 2008 high of $ 145.85 in the near future but well we are not there yet.
- The energy saw a break and close above a structure possibly signaling that we could see some continuation with the bulls.
- Looking for LONG entries on the THE CRUDE swing should all the rules of the formation be met but we might see some correction before this comes to play.
******* CRUDE OIL INVENTORIES TOMMORROW will definitely be interesting, the increase in the oil is actually MORE than expected @ -2.597 M which implies weaker demand and the energy could react BEARISH which support the idea of a correction and delay before continuation.
So lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
