hi all
Since Saudi Arabian oil output was expected to be reduced on August 28, the price of US oil has been rising steadily for four days.
Not only will the US economy be impacted by this oil decrease, but also the primary currency. The CPI is approaching, and the FED announced a raise 0.25 bps at its meeting in September.
So, from a technical standpoint, I expect a pullback around 38 - 50 fibo retracement before continuing long oil until cpi and fomc.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
Since Saudi Arabian oil output was expected to be reduced on August 28, the price of US oil has been rising steadily for four days.
Not only will the US economy be impacted by this oil decrease, but also the primary currency. The CPI is approaching, and the FED announced a raise 0.25 bps at its meeting in September.
So, from a technical standpoint, I expect a pullback around 38 - 50 fibo retracement before continuing long oil until cpi and fomc.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
Nota
good luck to all and may the force be with you
Nota
SELL STOP
TARGET min 23 - 50 fibo retracement
Nota
correction 38-50 fibo retracement
Dagangan aktif
Nota
let see if work this time
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Penerbitan berkaitan
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.