Hi Folks:
Oil is having a massive rally since we bottomed at 66 area so now we had the beautiful 20 bucks swing that monster money managers like. Could they push higher? Perhaps a little bit more to 89-91 but if you trade SCO or similar ETFs then you will be fine adding more shorts at this point for a nice correction.
But always bear in mind the tension in Russia - Ukraine and the Middle East with the Houthis attacks.
A major hit on a strategic oil target would be a bull's dream to hit 100+.
I trust faith and diplomacy and will keep with my shorts at my own risk :)
STAY SAFE. Cheers
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Oil is having a massive rally since we bottomed at 66 area so now we had the beautiful 20 bucks swing that monster money managers like. Could they push higher? Perhaps a little bit more to 89-91 but if you trade SCO or similar ETFs then you will be fine adding more shorts at this point for a nice correction.
But always bear in mind the tension in Russia - Ukraine and the Middle East with the Houthis attacks.
A major hit on a strategic oil target would be a bull's dream to hit 100+.
I trust faith and diplomacy and will keep with my shorts at my own risk :)
STAY SAFE. Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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.