WTI Crude Oil (It can swing to $59/$60 first)
View On WTI Oil (10 Sept 2019)
Oil made a nice turn around after hitting the swing support of $53 region.
Now we are in the pretty decent bullish momentum and it shall move into $59/$60 regions pretty soon.
Try not to short and instead it is a better bet to stay on the long side.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Oil made a nice turn around after hitting the swing support of $53 region.
Now we are in the pretty decent bullish momentum and it shall move into $59/$60 regions pretty soon.
Try not to short and instead it is a better bet to stay on the long side.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Comment:
Updated View On WTI Oil (16 Sept 2019)
The Oil price broke up $56 level and it has travelled to the nearest Strong resistant level of $60.
It may swing back down to $58 but Bulls (Buy-side) still have an upper hand if the price couldn't break below $58 level.
The Oil price broke up $56 level and it has travelled to the nearest Strong resistant level of $60.
It may swing back down to $58 but Bulls (Buy-side) still have an upper hand if the price couldn't break below $58 level.
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I was wrong. Oil failed to break out the resistant level of $58 and now it is making a pullback right.
Since the daily momentum is tilting toward bearish for now, do not long or add long positions at this moment.
If only the price breaks $56 region, then the bull can have a chance.