ridethepig | OPEC, Oil and everything in-between

ที่อัปเดต:
A quick chart update here after reaching the 4th wave targets in a retrace;

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สแนปชอต

Buyers now have a definite advantage going into OPEC; an extension of the cuts will be enough to open the position towards $50. But the advantage is only tiny, as we are back at the previous breakdown from our long-term macro charts:

ridethepig | Energy Overbought


Clashing forces on the supply side


OPEC now need to play the desperation moves with precision and genuine artistry. In my books, a master-stroke from Saudis with Iran noise there in the background incase a diversion is needed to complete the flow.

Thanks as usual for keeping the feedback coming 👍 or 👎

ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Time to take some profits and let the rest run with NFP!
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สแนปชอต
บันทึกช่วยจำ
Profit taking underway.. time to take off the risk and lets see if we get a runner.
บันทึกช่วยจำ
Let's see if we can fit in another swing down:

Oil running out of steam...
Beyond Technical Analysiscl1Crude Oil Futures WTI (CL1!)crudeopecridethepigTrend AnalysisCrude Oil WTIusoillongusoilshortWave AnalysisWTI

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