TheHopinionist

USOIL Long Strategy / Flip.

Long
TVC:USOIL   CFD sur Pétrole brut WTI
What has really happened?
Drawing from reserves? Pushing the price cap narrative? They are all temporary relives, just like a plaster/bondage on a wound. Chinese demand will pick up and war continues, and latest developments around south korea...
I believe the Oil Rally is far from over, and the longer the spring is tried to be controlled/held, the harder it will be released back up.
With OPEC+ Set to meet this week, and the possibility of reduction of production, intimation of South Korea, WTI prices will also be effected indirectly for sure.

I believe the strategy is pretty forward with 3 TP targets on long, and should we cut our losses and move short before longing again, 1 TP for short.

USOIL

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