Technical bear flag on $CL. MACD looking to cross and I suspect a retrace and consolidation within the 80.76 to 80.33 support zone until it rejoins the short term trend.
Omicron affect being not a severe and economies starting to return to normal will drive the increase in oil consumption.
I suspect it will go higher. Open interest in WTI100 calls have increased significantly and paired with other macro factors I think this trade is high probability to return to the up trend after retrace.
I wait for the confirmed break down to make a decision.
Not investment advice, I am currently neutral and waiting for the trade
Omicron affect being not a severe and economies starting to return to normal will drive the increase in oil consumption.
I suspect it will go higher. Open interest in WTI100 calls have increased significantly and paired with other macro factors I think this trade is high probability to return to the up trend after retrace.
I wait for the confirmed break down to make a decision.
Not investment advice, I am currently neutral and waiting for the trade
Dagangan ditutup: hentian tercapai
Stopped out. Fundamentals ripping oil higher then I thought.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.