IvanLabrie

#OIL: Monthly trend active...daily trend is down

Giá lên
IvanLabrie Cập nhật   
OANDA:WTICOUSD   West Texas Oil
The daily down trend signal that triggered today indicates we might get a retracement in the existing monthly uptrend in $WTICOUSD. Oil futures would be a great buy once the current fall slows down and reverses, so I'll keep my eyes wide open waiting for cues to go long into monthly support (see the green arc area).
Upside over the long term is huge, so, it is of paramount importance to rejoin this trend when safe.
Best of luck!

Cheers,

Ivan.
Giao dịch đang hoạt động:
I'm long $TPL and $OXY as proxies here, looking to buy futures, but not yet in. The last down trend signal that fired is failing potentially, keeping an eye on it.
Bình luận:
Time to scoop some oil.
Bình luận:
Off to a good start, the $PFE drug news help my bullish thesis here, reflation and reopening momentum building up.
Bình luận:
This signal is close to invalidation, lock downs re emerging in Europe poured some cold water on the trade, among other things (like talk of tapping the SPR and rising $DXY).
A short signal kicked in the daily, on Wednesday. If it hits the monthly stop level this trade is taken out. I'm still in my bull call spread long term, but will exit if that happens.
Đóng lệnh: dừng lỗ

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/
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.