POLITICAL VIEW , CRUDE OIL LONG TERM ANALYSIS , I THINK ALL THIS ATTACK IS HAPPENS IS PER DECIDED , TO UNDERSTAND THIS THINGS WE HAVE TO ANALYSIS PREVIOUS DATA WITH INFORMATION AND MAKE STRATEGY , INDICATES IS JUST FOR TRADING,
THINK BIG , ANALYSIS BIG .. ALL THE BEST
Crude bullish continuation has been dampened buy a strong dollar caused buy global interest rates hovering at or around zero. As the dollar contracts, crude as multiple monthly highs within striking distance.
Monthly - in 2016 we dropped below the 2009 lows but then bounced and help above those levels. 44.60 feels like key level since 2017
Weekly: In trading ranggebetween 50.60 to 64.78. Near range 53.26 -60.60
Daily in a uptrend. Need to trade and sustain above 56.87 to continue uptrend. Uptrend violated if falls below 54.06?
30 min: Market in orange is what should...
Crude has been moving sideways for the better part of the day and now looks poised for a down swing.
The trade setup provides an excellent risk-reward ratio. Entry on break....still awaited.
All the best!
