USOIL looking Bullish with some speed bumps...
See callout bubbles. Overall Oil is looking very bullish going into 2018, however, the market is currently coming into some areas where I would expect big sellers to be waiting. We can go short in these areas, but if the overall, longer-term move is Up, these should only be counter-trend trades which should allow us to re-engage Long at demand price levels.
I'm bullish Oil as well as other commodities for 2018. I'm not a huge fan of news, but rather choose to go with what the chart is saying.
Always measure your risk and be okay with being wrong ; )
I'm bullish Oil as well as other commodities for 2018. I'm not a huge fan of news, but rather choose to go with what the chart is saying.
Always measure your risk and be okay with being wrong ; )
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Thank you for your support!