hi all
Since Saudi Arabian oil output was expected to be reduced on August 28, the price of US oil has been rising steadily for four days.
Not only will the US economy be impacted by this oil decrease, but also the primary currency. The CPI is approaching, and the FED announced a raise 0.25 bps at its meeting in September.
So, from a technical standpoint, I expect a pullback around 38 - 50 fibo retracement before continuing long oil until cpi and fomc.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
Since Saudi Arabian oil output was expected to be reduced on August 28, the price of US oil has been rising steadily for four days.
Not only will the US economy be impacted by this oil decrease, but also the primary currency. The CPI is approaching, and the FED announced a raise 0.25 bps at its meeting in September.
So, from a technical standpoint, I expect a pullback around 38 - 50 fibo retracement before continuing long oil until cpi and fomc.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
Catatan
good luck to all and may the force be with you
Catatan
SELL STOP
TARGET min 23 - 50 fibo retracement
Catatan
correction 38-50 fibo retracement
Trade aktif
Catatan
let see if work this time
Order dibatalkan
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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.