ApexFX_Pro
Long

FILL UP YOUR CARS

TVC:USOIL   CFDs on WTI Crude Oil
As you can see price is sitting at good support and has had its 3rd bounce off a well respected trend line ... so we are going long.

Run out and fill your cars up now if you don't want to be ripped off ;p maybe take a few tankers and fill them up also so you can sell fuel at a premium price when prices do rocket ( don't do this as I'm sure there is laws against it... or if you do it don't get caught ;p ) This is just my business brain working overtime haha.

Comments

I also have had recent success with the WTI. I don't use much of anything but volume profile and a little bit of sentiment. On Thursday, every indicator said it was "short" time, but I couldn't shake the feeling some big players were trying to make some moves we can't see on the retail side, so I held off. While it did what I thought, I stayed out and took note.

I agree with your analysis for the most part, too. Buy the retraces cause I think they'll be pushing Oil higher and higher. I read once that Saudi Arabia doesn't even make profit unless oil is in the $80+ area.
+1 Reply
ApexFX_Pro OhTheFuture
@OhTheFuture, exactly you are thinking outside the box also πŸ‘Œ many people think inside the box... this is why they don’t make money in the markets.
+1 Reply
Could also say that it double topped at 58 ?
+1 Reply
ApexFX_Pro wilsongalucho
@wilsongalucho, yes you could, what does your analysis tell you on the price direction?
Reply
@ApexFX_Pro, I'm a bit unsure about this one atm. Bullish bias: On the daily we have an inverted HS formation after a a strong bearish move, with the low at 42 being the head and you could argue that the green line on your chart is the neckline/ now support. Bearish bias you could say that the up trend is on pause since we didnt create a new higher high / creating a doube top at 58. On the daily we have an engulfing candle and we also have one on the weekly time frame. I captured the move from the 58 down to 55 which was quite nice. Now I'd probably wait this one out and see which direction it goes or look at some fundamentals to support biass?
+2 Reply
ApexFX_Pro wilsongalucho
@wilsongalucho, you have some good points mate, but this is just our strategy, trend lines and support and resistance areas, we try not to complicate things too much and it works ok for us πŸ˜€
Reply
@ApexFX_Pro, yes absolutely this is just 1 trade,- over many trades a good strategy will out perform the market :) in the end depending on our targets and SL both of our ideas can profit ;)
+1 Reply
ApexFX_Pro wilsongalucho
@wilsongalucho, And I’m sure we will both profit πŸ’ͺ
Reply
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