in my opinion it's time to sell oil at the break of a round strong number of resistance (64,30) . the trade have a high probability du to the APi & EIA reports as well as the US production but stay on your risk management
be careful of the rodeo ( because market maker have to switch its long positions to short ones ) ;)
Good luck Trading on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. So you should be aware of all the risks associated with f trading .
@truecristi27, no it doesn't , i took a long position at the up break out of 64.90 and the 38.20 fib retracement(at the and of US morning session) (still waiting for the next 50% retracement the take the long side again ) and that's why i am happy to be in morocco i can trade the end of tha Asia session all of the london's one and the morning session of the US XD
( API is Private institution and it's proceeding the same as Eia ) but the Eia is a government institution .
So since Oil is a Geopolitique / and Stratégique Asset that can move army like we have seen in Iraq it wont line up with fundamentals facts at 100% , and when the Trump visited KSA the deal (one of lot of political deals) was to help KSA's Aramco IPO . so the Us oil's market makers have to work for that .
As traders we must score the scenarios ( the logical one ) and the exception buy trying to react to the market price and not predict the movement that's why i ve been waiting for the break out of either the 33 resistance or the up break out at the next round number .
truecristi27
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@zakus, yes zakus... as you said... you publish ideas... not :poop: :)
zakus
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@truecristi27, yes an idea is an idea it can be wrong as it can be right ( finally only market have the truth ) ... i am open to discuss in respect.
lol