USOIL MARKET OVERVIEW

USOIL MARKET OVERVIEW

USOIL closed bullish today and one more bullish candle should return price back to 112.00-113.50

Price was fundamentally driven which gave us the push higher. I gave a mid week overview to the members of the possibility that if 103.20 breaks then we will swiftly move to 106.00 so no one was left in the dark. A long in oil would interest me but the conditions need to be correct. DXY does has an impact on WTI has it's a commodity hedged against the dollar. We have the FED interest rate hike on 04.05.2022 with a bias point of 50.

This wont be a surprise and in fact we believe price is already factoring this in and DXY should look to have a correction. A lot of the time in big events the move happens before and people get caught up and confused in the candles. I am not going to rush into USOIL but more watch for develop and a set up. I will only look for scalps tomorrow as I refrain from holding weekend positions as an tensions in Europe over the weekend can cause chaos beyond control.

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WTI SHORT / 74 pips ✅
GBPUSD LONG / -26 pips ❌
WTI SHORT / 185 pips ✅
WTI SHORT / -10 pips ❌
GOLD BUY / 70 pips ✅
GOLD SELL / 170 pips ✅
WTI SHORT / 200 pips ✅
GOLD SELL / -30 pips ❌
GBPUSD SELL / 67 pips ✅
GOLD SELL / 30 pips ✅
WTI SHORT / 60 pips ✅
WTI SHORT / 130 pips ✅
GBPUSD SELL / -30 pips ❌
GBPUSD SELL / -15 pips ❌
WTI SELL / -70 pips ❌

Here are all the trades taken this week from the combined communities

15 trades taken

9 wins ✅
6 losses ❌

60% win rate

Combined this is 805 pips which is an outrageous way to close out the month!🤯