Possible Long on Crude!

Oct 12, 2022

With OPEC+ announcing massive production cuts it is safe to assume we will likely see higher. Not only because of the news but the TA also looks bullish. As the price of oil retraces back to the crossing trendlines I expect a bullish divergence to form on the oscillators. Along with the bullish divergences, the crossing point of the trendlines will also lead into an important golden pocket. I will be watching this as close as possible but I am currently really busy with harvest so I am not able to chart as much. Best of luck!

Oct 19, 2022

Note

Still not bullish divergence so i have not taken this trade. It did break through area of interest but there always levels lower that I am looking at.

Nov 7, 2022

Note

Turned out to be a great trade.