some thoughts on oil and one important trading logic to share:

TVC:USOIL   CFDs on WTI Crude Oil
some thoughts on oil
and one important trading logic to share:

Guys, Today I receive a msg from one of the follower
"sir, any forecast on oil now?"

then i draw this chart to him:
1. Oil is in a tri-angle right now, lower highs and equal lows.
2. 48.00 is strong resistance structure
3. 46.50 is strong support stucture.

problem: price is right in the middle!
it can go up or can go down and your risk is not small at all.

Do not Trade Oil at this moment, which means:
Have some rest!
here is the sharing part:
Traders, how many times you feel that you have to do
how many times you think you got itchy finger?
Please take note:
If there is no much trading opportunity,

wait paitiently for the price to react at thoese
important structure and you will have a clearer
trading plan by then.

Good night! Wish you a happy trading life!
Plan your trade, trade your plan!
Always here to share,
yours sincerely:
Jack ( tntsunrise)

Guys, did u catch this short trade?
Comment: Oil continue to drop
For thoese who has viewd my charts
and get the short trade ,you can consider to take profit now
Looking for a sell setup on this one as it looks attractive to make a flat correction of the up impulse - still in the correction.
we should hold our sell positions?
tntsunrise carlosdavilamal
u can take some profit.

Mr.Jack, price hit the structure and fibo retracemen 0,618. Do you agree to take a long from here?
tntsunrise CryptoTraderOne
Midterm target from daily chart, there is rising wedge pattern, target at $36
I made a "late enter" on short.
Jack don't you think that if Nonfarm Payrolls (Aug) will be good, $ will go up and OIL will be brought down further ?
Otherwise I'm ready to close my short if Nonfarm Payrolls is bad
What do you think ?
Thanks as always
tntsunrise val_trader
NFP normally dun impact oil
Awesome post. Thanks for it
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