West Texas OilShort
WTI, CRUDE OIL
This one was a tricky play, but some points got a bit more clear. I prefer a short positioning here because:
1. Daily evening star at the resistance TL with a follow through, as the next lower high indicate that I have the third point for -----
2. Harmonic Garley pattern to fill
One more thing that keeps me alerted is a flat top wedge, or ascending triangle which is bullish technical pattern. Having in mind the Time Frame I use, I can do both, longs and as a day trading, but, I admit that this is also kind of bias setup. Saudis got drone hits, global catastrophe, but also claimed that supply of crude oil is not a problem, they have it on hand, so no deficit is coming. The price manipulation at the moment, imho, is very unlikely.
1. Daily evening star at the resistance TL with a follow through, as the next lower high indicate that I have the third point for -----
2. Harmonic Garley pattern to fill
One more thing that keeps me alerted is a flat top wedge, or ascending triangle which is bullish technical pattern. Having in mind the Time Frame I use, I can do both, longs and as a day trading, but, I admit that this is also kind of bias setup. Saudis got drone hits, global catastrophe, but also claimed that supply of crude oil is not a problem, they have it on hand, so no deficit is coming. The price manipulation at the moment, imho, is very unlikely.
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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.