FXGlobe_ID20113
Long

WTI : Long on oil will be the best bet during 2019

OANDA:WTICOUSD   West Texas Oil
Hello Traders,

Price action on WTI chart is showing that sellers are being careful at the level of 40$, what can give the opportunity for early buyers to build their positions.
We do not have a strong buy singal, but in the same time the behavior of the price action is telling that reversal is being steup.
It is a risky trade, because i'm looking to trade against the trend but the way i identify patterns on chart is my edge over the institutional trading firms and market maker.
With right the risk management this trade can bring big rewards.


Trade with care
This for educational purpose only, not an investment advice.

Best Regards
Comment:
Comment:
Comment: There is a strong correlation between WTI chart and the stocks price of the Royal Dutch SHELL as you can see on this monthly chart.
Comment: By going to lower time frame, i can identify that the stock price is trending is a reversal pattern, which mean that sellers are losing ground for buyers to build their positions.

Comment:
Comment: Watch for correction befor entry.
Comment:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out