The Oil continue pumping in H4 timeframe. As I have a trade from $109.94 USD to long position in H4 timeframe. I believe that in short term, Oil will reach $128 USD/barrel.
I keep long in this commodity, my SL still around $107 USD. But I'm bullish in Oil.
Meanwhile, I have some bad news about that Europe wan't to ban Russian Oil and U.S. add more sanction the Venezuelan Oil. For that, I suggested to stay alert if we see any rejection in the price, because another possibility it's a short position if the price lead by fundamental analysis, but at the moment, there're not any bearish signal, for that, I'm bullish in this commodity by the demand. But in case of short, the Oil nee to break down this trend line that I mark in H4, you can better here in H1 timeframe.
But as I'm bullish, I will keep this posiiton toward $128 USD. And my another long position toward $145 USD. What we could to have a good trade to found out.
I hope that this analysis support you. I will share yo my two previsouly analysis of Oil and also, of this update trade you can to click on where mean long to $116 USD. That this it's my new update here!!!
Good luck!!!
Trade closed manually
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Closed up manually this trade. I will closed up my swing trade too as my day trade as we see that Oil could to reach $100 USD in this floor of this bullish channel here:
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I'm long in Oil now by H8 timeframe. I see a good opporunity trade in H8 to keep this long posiiton toward 128/barrel.
This it's look bullish and we formed a ascending triangle, we break out and make this pull back confirmed. I believe that Oil will be bullish.
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THe Daily timeframe was bullish. I hope that this support you!!!
im bullish in oil