Short
WTI/USOIL SHORT IDEA
Good Afternoon traders!
Friday was an interesting day on Oil to say the least, but there are some questions being asked of the Bulls.
So there has been news on US interest rates that has already started to show its self in the charts.
For those who trade EMA lines, we all know what happens at the 200 in higher time frames.
Oil has been on a Bullish run for a very long time and the sheer demand for it will by all means continue the rise in price.
However on this quest, there has been a few drops (barring Covid-19 related drops) ranging between 200-850 pips.
In many cases meeting with the 200 EMA or overspilling anything from 100-300 pips.
The last of them was on May the 18th when there was good US news at 9PM the evening before. This period saw a 540 pips drop from the high - which was a failure to close above $67 on higher time frames (2018 highs)
The logic we are going with @squeeezy_trades is that if not so special news caused a 540 pip drop, then Better interest rates should give some selling opportunities before we resume the Bull run.
With tight stops, were hoping to be riding with the bears for at least 120 pips then we got so far!
Friday was an interesting day on Oil to say the least, but there are some questions being asked of the Bulls.
So there has been news on US interest rates that has already started to show its self in the charts.
For those who trade EMA lines, we all know what happens at the 200 in higher time frames.
Oil has been on a Bullish run for a very long time and the sheer demand for it will by all means continue the rise in price.
However on this quest, there has been a few drops (barring Covid-19 related drops) ranging between 200-850 pips.
In many cases meeting with the 200 EMA or overspilling anything from 100-300 pips.
The last of them was on May the 18th when there was good US news at 9PM the evening before. This period saw a 540 pips drop from the high - which was a failure to close above $67 on higher time frames (2018 highs)
The logic we are going with @squeeezy_trades is that if not so special news caused a 540 pip drop, then Better interest rates should give some selling opportunities before we resume the Bull run.
With tight stops, were hoping to be riding with the bears for at least 120 pips then we got so far!
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.