US OIL LONG
So we caught an outrageous amount of pips on our oil short and we are now gathering serious momentum on our OIL long which was 4 pips away from SL!!. We are 600pips up on our trades combined.
Oil is very parabolic and extremely bullish and it will continue to $71-71.50...From this zone I believe we will see a huge reversal back down below $60. I will only look to scalp short positions until we hit that region, once this region is hit I will be taking a swing short.
WHY SHORT?
-No more TRUMP (was pro oil).
-Biden is pro green (wants a fleet of electric cars for the white house).
-Huge over supply left over from covid-19.
-When the world resumes to some form or normality oil production will increase so the price will get pushed down.
-No significant pull backs since $34 so it is well over-due
Oil is very parabolic and extremely bullish and it will continue to $71-71.50...From this zone I believe we will see a huge reversal back down below $60. I will only look to scalp short positions until we hit that region, once this region is hit I will be taking a swing short.
WHY SHORT?
-No more TRUMP (was pro oil).
-Biden is pro green (wants a fleet of electric cars for the white house).
-Huge over supply left over from covid-19.
-When the world resumes to some form or normality oil production will increase so the price will get pushed down.
-No significant pull backs since $34 so it is well over-due
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.