CRUDE OIL LONGS @ 53
#Cruide Oil WTI
Since we had this amazing downside rally together with
USD strengh this summer in 
OIL I am in favour of a recovery rally to come during autumn. For sure we are not in for new highs yet but in my humble opinion we could rally until 82ish levels.
First I expect oil to go lower from here first. I would be a buyer of oil around 53USD levels.
I wont buy it on margin as volatility can screw things up in the meantime as such a trade can take quite some time to develop.
I will buy an ETF which I can comfortably hold for a longer period.
The target is a 51 % gain of that trade.
Risk is for new lows below 42 USD.
Since we had this amazing downside rally together with
USD strengh this summer in OIL I am in favour of a recovery rally to come during autumn. For sure we are not in for new highs yet but in my humble opinion we could rally until 82ish levels.First I expect oil to go lower from here first. I would be a buyer of oil around 53USD levels.
I wont buy it on margin as volatility can screw things up in the meantime as such a trade can take quite some time to develop.
I will buy an ETF which I can comfortably hold for a longer period.
The target is a 51 % gain of that trade.
Risk is for new lows below 42 USD.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.