輕原油期貨

Bobby's homework assignment part 2

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4.30.23 I finished up natural Gas. I talked about oil which I think is at a good support area...But it got Higher and has a big Buying tail. My concern is that the market could gap on the open and possibly go lower to fill that strong move higher. So if I was already long there's a good chance of giving some of the money back. On the other hand if the market Correct slower And cannot close that gap... and starts moving higher... this would indicate to me that the market has a good chance of moving to new highs....I would feel good that the markets at a very strong support. Once it starts moving higher I would look at the 382 level which I did not have time to draw during the video. If I were in this trade I would have been long... and the question would be how profitable the trade is at this time... and if I'm willing to take a draw down and possibly hit a stop.... and this is all conjecture. my bias really Is that the market Is going to go higher but I'm probably not going to take the opening price trade if the market caps higher.

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