WTI Possible GAP UP on market open, WTI going 70

Hello traders,

USA CHINA positive talk, oil will continue up trend and will get to 70.

USA CHINA negative announcements, OIL will dip to 55 but not below that, positive talk will come later.

USA will never have a war on Iran, just tension, So this will help support UP trend on oil prices? WHY

Iran controls the path of exported oil from GULF countries to the universe, so a treat to close this path and preventing supplies will only support higher prices.

Why TRUMP will never announce a war on Iran? If he does, stock will fall, OIL prices will go to the roof, global economy will fall big time, TRUMP will not win next election if he disappoint Americans on the economy. So this is a lose lose War for TRUMP, and he will never ever enter a lose lose situation.


We want to see continuous tension, but not a war to support this up trend, a solution to Iran problems, will stabilize oil price and the rally will not continue, this will happen after TRUMP wins the second run to the office. So we still have time to buy with no fear and expect continuation for up trend.

USA striking a deal with China will improve global economy and appetite for OIL, will will continue its up trend.\

Higher oil prices will encourage more USA oil to be pumped, at that point, oil Prices will reverse and we can see a deal with IRAN.

Sp, we are buyers for long term, we can sell M5-M15 time frames for corrections, but long term is a buy only.

Thanks for the likes.