WTIUSD or Crude Oil or USOil Long Idea from our strong Support Level.
Trading Levels : »53-52 | 51-50 »Risk=0.5point | TP = 54.5
Fundamental Imp—As predicted more stimulus talk $1.9 Trillion by Biden push OIL in bull mode from our levels, next TP=54.50/56.00
PREVIOUS RESULT—Enjoy PRECISE LEVEL1=52.2 to 53.8=1.6point gain=24hrs
The oil market started this trading week recording a new low at 19.29 US$, a level last seen 18 years ago, with a shadowed and gloomy projection of the global oil demand falling by more than 20 Mb/d, the yesterday’s rebound in the oil price could be only temporary relief.
Technical reading prevails clear bearish bias, oil market tilted towards the upside...
UsOil has been dropping hardly for almost 2 months since JAN 5th. The recent down wave was very good opportunity to sell. We all know that the market moves in cyclic waves (UPs & DOWNs)...
Our team expect UsOil to make an up move!
Light Crude Oil WTI Futures #CL has a monthly demand level located around $48.64 that gained control a couple of months ago. The fact that we have had that monthly imbalance in control allowed us to make too decisions. 1) No shorts would are allowed trading against a big timeframe demand imbalance that has gained control. 2) Only longs would be allowed. As...
Small pivot range set from last session into current
Value area overlapped and down from last session
POC's basically same and aligned for past two sessions
Previous session looks like an 'expanded typical day' following the previous session of a 'double-distributed trending day'
Plan for 27th:
Wait for IB to be set. Could help add clarity as...
