Phenlx

4 Reasons to enter long in WTI

Long
FX:USOIL   CFDs on Crude Oil (WTI)
568 views
12
I am already long in WTI since I do believe that oil is very cheap meanwhile.
In the chart you will see a nice opportunity to enter long due to several patterns which are confluencing in the psycological relevant level of 40 USD. Keep your eye on a possible long entry on lower time frame.

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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading

Comments

I am in agreement with your assessment. with all the external influence, oil must go up... Also, a very bad thought; the earthquakes near Cushing, Oklahoma could play as a long shot. With a few more, and the EPA may get involved.
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How much chance would you give that is going to re-test 40 dollar level again?
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Nice, going well! My view was the same:
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Wow, amazing!!! Another great day, you are still right about it, looks like still goes up for a little while.
http://wbponline.com/Articles/View/56039/low-prices-to-cut-oil-production-in-saudi-arabia-next-year
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You were absolutely right, I have closed this week with a brilliant profit...Thank you to share your advice...
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Phenlx IRLKori
Hey Kori, thanks man. Like to see people agreeing my ideas and furthermore if the market is confluencing with my set ups. :-)
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IRLKori Phenlx
As the price is dropped I'm in long position for the weekend hopefully keep going up monday.
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