Pivot at 37.7 - Going Long
Even though there has been a build-up in crude inventory, I believe people are betting on the recovery of the economy in the coming weeks. We might find ourselves testing 40 again tonight but if the build-up remains by next week probably going to find us dropping back to 35 range again? Going to go long around the 37.7-37.9 range.
Trade closed: target reached
But market dumped afterwards. Which I should have seen but i ignored general market sentiment.
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.
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.