Based on potential issues with Iran involving the Hormuz Strait I just published and quickly cancelled a chart looking for a run up to 76.5-77.5 and then a pullback to 74. But then thought - if this issue continues to unfold then prices may just continue to grind up over the next month without much in the way of prices pulling back. I am highly advising taking partial or even full profits at the 76.5-77.5 area in the even that Hormuz becomes a non-isse early in the week, but if prices hover at the 77 level, it may be a sign of a continued bull run and i believe a move toward 80-81 is very possible.
Enter Long: 73.82-74.12
TP1: 76.49
TP2: 77.67
TP3: 78.86
TP4: 80.00
I am advising re-adding/building long positions on a pullback from TP2 and TP3 (see chart for re-add levels).
Questions and comments are welcome, good trading all!
Enter Long: 73.82-74.12
TP1: 76.49
TP2: 77.67
TP3: 78.86
TP4: 80.00
I am advising re-adding/building long positions on a pullback from TP2 and TP3 (see chart for re-add levels).
Questions and comments are welcome, good trading all!
Dagangan aktif
This trade is active!Nota
Monthly:s3.amazonaws.com/tradingview/snapshots/w/WELDWxOX.png
Weekly:
s3.amazonaws.com/tradingview/snapshots/f/fj8VXiwe.png
Long Term Supply/Demand created:
s3.amazonaws.com/tradingview/snapshots/0/0APnppY5.png
Current on Daily Chart:s3.amazonaws.com/tradingview/snapshots/x/XR5ChCtw.png
Good trading all!
Nota
SAME LEVELS Current on Daily chart: s3.amazonaws.com/tradingview/snapshots/x/XR5ChCtw.png
Dagangan ditutup: hentian tercapai
Well,looks like the tariff situation created heavier supply than what EIA could bring on a nice draw today. Big selloff today unfortunately, back to the drawing board.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.