Estimated Entry:$44.5-$45.3
Tp1:$47.5
Tp2:$51-52
Tp3: to be advised after breaking out $52
1H chart: wait for a retracement to buy
Tp1:$47.5
Tp2:$51-52
Tp3: to be advised after breaking out $52
1H chart: wait for a retracement to buy
Dagangan aktif
Entry1: $46.3Nota
EIA crude oil inventories has the largest decline since 2016.Nota
tp1reached, it touched 48today, more bullish than i expected. nearly200pips for today!Nota
it touched $50 today, so far we already have 400pips, plus the position added yesterday, ttl 500pips. waiting for the breaking out.Nota
it finally closed $50.86, very bullish, next week WTI will star use new contract, hopfully price will break $51 in asian opening.Nota
It's already hit our tg, the ceiling of channel. Now likely going to retrace $49.6ish, we're now still holding longs from $46.3 and $48.2, can either take some profits for longs from$48.2,then wait for retracement to add longs, or, move sl to BE and holding.Nota
Daily chart update: From $43.79 to $51.9 oil price has bounced $8, likely it is time to retrace. So far my strategy still buy the dips, in these two days, i will watch $50-$52 range, and support level $49.2. Curcial level at$48, once broke $48, will return to bearish trending.
4H chart update:
Possibly will consol in range for 2days,if $50 got support, will add a little more positions.
Nota
Fundamentals:OPEC ministers did not say they would extend the agreement on production cuts for 12 months or increase reduction.Nota
4H chart update: it's now testing the crucial support at $48. Likely wave ii could be done here. It is the entry i would consider to add more. just watch for the signals.Back to the Fundamentals: If you scroll back to my previous updates, you'll find that above $48 are the short term buyer for the OPEC who expected will extend the agreement to 12months. So i think they almost quit the market, and, imo, longer term player would focus on the demands. Jun. always the peak season for oil. Above all, i think $48 hopefully will hold the trend.
Dagangan aktif
$48.3Penerbitan 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.
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.