in my opinion it's time to sell oil at the break of a round strong number of resistance (64,30) . the trade have a high probability to the & EIA reports as well as the US production but stay on your risk management
be careful of the rodeo ( because market maker have to switch its long positions to short ones ) ;)
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here you can put your ideas not your :poop:
( API is Private institution and it's proceeding the same as Eia ) but the Eia is a government institution .
So since Oil is a Geopolitique / and Stratégique Asset that can move army like we have seen in Iraq it wont line up with fundamentals facts at 100% , and when the Trump visited KSA the deal (one of lot of political deals) was to help KSA's Aramco IPO . so the Us oil's market makers have to work for that .
As traders we must score the scenarios ( the logical one ) and the exception buy trying to react to the market price and not predict the movement that's why i ve been waiting for the break out of either the 33 resistance or the up break out at the next round number .