A quick chart update here after reaching the 4th wave targets in a retrace;
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:
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!
บันทึกช่วยจำ
บันทึกช่วยจำ
Profit taking underway.. time to take off the risk and lets see if we get a runner.