oil midterm outlook
i have been changing my mind concerning oil over the last days and weeks.
i did expect a rebound from the mid-june lows,
but first i didnt expect the drop to be so deep, and second i didnt expect the following very choppy price action.
both seem to me to be a sign of an intermediate turning point (to the upside from here)
note that the weekly macd is about to create a bullish crossover,
i do think this is even a little clearer on the producer side--etf XOP ....
i do not think this is very logic, and i do not see alot of bullish comments, this is also a good sign i think..:)
so my plan is not to close my longs when we reach the top of the downtrend-channel, i will rather keep moving my stops and see how far this goes..
best trading!
i did expect a rebound from the mid-june lows,
but first i didnt expect the drop to be so deep, and second i didnt expect the following very choppy price action.
both seem to me to be a sign of an intermediate turning point (to the upside from here)
note that the weekly macd is about to create a bullish crossover,
i do think this is even a little clearer on the producer side--etf XOP ....
i do not think this is very logic, and i do not see alot of bullish comments, this is also a good sign i think..:)
so my plan is not to close my longs when we reach the top of the downtrend-channel, i will rather keep moving my stops and see how far this goes..
best trading!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.