US Oil (USDWTI) Market Outlook | Daily Forex Market Breakdown
Oil is playing out flawlessly. As anticipated in my previous post oil has continued to push to the upside. Now I would like to see some strong rejections.
As you can see in the last post I was waiting for it to push up higher before taking a short entry. It definitely looks very good, but I am going to be extra patient. I always say with trading gold and oil you want to be extra cautious, they can move very violently and they need to be respected. That is why I am exercising a little extra patience and waiting for some clear signs that the bears are in control.
As you can see in the last post I was waiting for it to push up higher before taking a short entry. It definitely looks very good, but I am going to be extra patient. I always say with trading gold and oil you want to be extra cautious, they can move very violently and they need to be respected. That is why I am exercising a little extra patience and waiting for some clear signs that the bears are in control.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.