Alright, we're back for another goofy analysis !
This time, im trying to imagine a longer plan on Oil, what could happen in the 2 coming months..
I have a long bias, i think oil is pretty cheap right now and that it would be a good idea to buy a small long and hold it for a few months.To be honest, i might actually try that, even tho it's way different from my actual trading style !
Anyways, SRV2 points out a few resistances and i put redlines over them.
Stoch says we might keep going lower, but i wouldn't mind it.
I've also trace a cool fibonacci, but don't really know how the price will interact with it.
Last, i drew arrows to show scenarios i find likely.
As always, im not a good trader, i only post those to keep track of what i thought at this instant. Give me your own ideas in the comment and correct me if you think my idea is crazy
Good luck !
This time, im trying to imagine a longer plan on Oil, what could happen in the 2 coming months..
I have a long bias, i think oil is pretty cheap right now and that it would be a good idea to buy a small long and hold it for a few months.To be honest, i might actually try that, even tho it's way different from my actual trading style !
Anyways, SRV2 points out a few resistances and i put redlines over them.
Stoch says we might keep going lower, but i wouldn't mind it.
I've also trace a cool fibonacci, but don't really know how the price will interact with it.
Last, i drew arrows to show scenarios i find likely.
As always, im not a good trader, i only post those to keep track of what i thought at this instant. Give me your own ideas in the comment and correct me if you think my idea is crazy
Good luck !