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edgeAZFX

WTI USOil Setting for Short Trade?

Short
WTI Light Sweet Crude Oil Future SPOT (FX:USOILSPOT)  
edgeAZFX Updated   
FX:USOILSPOT   WTI Light Sweet Crude Oil Future SPOT
Harmonic Patterns Fundamental Analysis Wave Analysis wticrude Crude Oil WTI usoilanalysis Bullish Bat harmonictraders fundamental-analysis
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harmonicpatterns fundamental waveanalysis wticrude usoil usoilanalysis bullishbat harmonictraders fundamental-analysis
USOILSPOT

TRADE PLAN
INSTRUMENT: USOil
TIMEFRAME: DAILY
DESCRIPTION
Although fundamental drive illustrates that OPEC+ will cut oil production by 2mil barrel a day going forward, our Technical Outlook suggests that USOil Price will continue to fall untill we arrive at 70.00. The current rally appears a sentiment drive.

We will look to short the market when price visit a 55EMA with some confirmation to short for completion of Daily Bat Pattern.

Updates to follow.

Disclaimer
Charts are educational not investment recommendations
Trade active:
as predicted
Trade closed: target reached:
Thank you all for trading with us.

See you in the next one.
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