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Macrobriefing
Nov 18, 2022 8:15 AM

Oil to continue lower Short

WTI CRUDE OILTVC

Description

Looking for Oil to keep pushing lower but willing to wait for a bounce off the median line first.
The talk is for a recession, the US Treasuries are being bought, and the USDJPY has come off its highs.
Just need a breakout of the recent lows and some follow-through.
The markets have been very range-bound recently so lots of false breakouts, so be aware of the trading conditions and set trade sizes accordingly.

Trade closed: target reached

Comments
Macrobriefing
Something is always moving
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