Yes, it's all over the news that OPEC has agreed to cut production by 1.2 million barrels a day by January, will it be short lived?
WTI has increased more than $4 since yesterday, and I see a potential bearish bat pattern forming.
PRZ is around the daily resistance level at $51 to $52.
Good R:R at 3.6 (TP1) and 19.7 (TP2).
WTI will probably continue to rise gradually.
Do take note of the bullish ascending triangle as well, to go long if resistance is broken.
I will update when price nears resistance.
WTI has increased more than $4 since yesterday, and I see a potential bearish bat pattern forming.
PRZ is around the daily resistance level at $51 to $52.
Good R:R at 3.6 (TP1) and 19.7 (TP2).
WTI will probably continue to rise gradually.
Do take note of the bullish ascending triangle as well, to go long if resistance is broken.
I will update when price nears resistance.
Dagangan aktif
Not sure why my broker's price for WTI is slightly lower, it did not close above PRZ or SL price on my chart.Pattern has completed and showed retracement, I have shorted at 51.5 last night.
Dagangan ditutup secara manual
In view of Bank of Canada's interest rate decision in 1 hour's time, I have decided to close my position at $50.25 with 125 pips profit.
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.