The end of Oil as we know it...
Updated
=> Here we have a rather complex call as we are outguessing the top of a 2 year bull run in Oil
=> This is a high risk environment and only recommended for those that know exactly what you are doing.(edited)
=> Both supply and demand factors are crashing in the short term creating a very difficult environment to navigate through.
=> In the background, EV continues to make large steps in the right direction and we are very close to setting a long-term high in oil, permanently waving goodbye to prices above $75.
=> Technically we are looking to ride the initial wave down on bulls profit taking on the most recent fifth wave. Those bulls who are sharp enough have already begun clearing as the boat becomes fully loaded to upside (almost 90%).
=> Once again, this is a very complex call and only recommended for investors.
=> GL
=> This is a high risk environment and only recommended for those that know exactly what you are doing.(edited)
=> Both supply and demand factors are crashing in the short term creating a very difficult environment to navigate through.
=> In the background, EV continues to make large steps in the right direction and we are very close to setting a long-term high in oil, permanently waving goodbye to prices above $75.
=> Technically we are looking to ride the initial wave down on bulls profit taking on the most recent fifth wave. Those bulls who are sharp enough have already begun clearing as the boat becomes fully loaded to upside (almost 90%).
=> Once again, this is a very complex call and only recommended for investors.
=> GL
Note
After stops held by a thread and escalations in M.E we are trading stops at our entry.Trade closed: target reached
Closing all here after a monstrous move ahead of inventories later... well done all shorts here a textbook example of both well placed stops and understanding of the supply and demand side
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