US OIL: Why we were long..

We looked long on various Analysis / Livestreams for US OIL.

Oil is heavily Sentiment based as a commodity.

Tightening supply news pre-empted the move but what really should've struck you is:

- Weeks of harsh down move.

- Key support

- Previous price action

- Market Value

These FOUR things would've led to a great educated assumption which is what you need to make a good trade.

What's more you could've traded the aftermath and took further gains.

Looking for light side Trades in accordance with PA levels (Up or Down).