Oil has breached a 13 years long falling wedge.
I will be shorting until the 55/57 area, then switching to a long term buy that, in my opinion, could lead priced up to the 130 area. This would allow the big petroleum companies to sell their oil stocks at higher prices as they decrease production to switch to environmental friendly vehicles.
You can see that the pandemic created a spring that allowed smart money to accumulate positions at advantageous prices, around 0. We'll see a lot of strength after the trend-line has been retested.
Please like and consider following if you enjoyed the idea.
Peace.
TrickleDown FX
I will be shorting until the 55/57 area, then switching to a long term buy that, in my opinion, could lead priced up to the 130 area. This would allow the big petroleum companies to sell their oil stocks at higher prices as they decrease production to switch to environmental friendly vehicles.
You can see that the pandemic created a spring that allowed smart money to accumulate positions at advantageous prices, around 0. We'll see a lot of strength after the trend-line has been retested.
Please like and consider following if you enjoyed the idea.
Peace.
TrickleDown FX
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。