tntsunrise
Short

USOIL BREAK OUT AND PULL BACK TRADE

FX:USOIL   Crude Oil (WTI)
1801 8 49
USOIL             BREAK OUT AND PULL BACK TRADE
THE 41.19 is broken
Short when the price pull back at that level
Stop above the origin of the bearish candle
TP: 39.34
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bravo, great and gutsy call. Proved correct!
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uperth NihalCassim
how far down do we expect Oil to go?
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Crude is a commodity relying on supply and demand not on trade and any prediction based on technical analysis and wave count are subject to the manipulation of opec and API .Same with commodity-related currencies like usdcad AUD USD .safe to trade pairs that are out of reach to these cartels
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Price never made it back up, I was waiting to short at 41.01, :-(
+1 Reply
It's like fortune telling. you nailed this one!
Reply
Huge meeting on Sunday which will thrust oil one way or another...so im staying out....
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sir,
have you long view on crude ?
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Crude does not seem to follow any logic lately, only going up... Good luck with this one Jack!
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