Bearish OIl

FX:USOIL   原油差價合約(WTI)
Hello Traders

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 du to the APi & 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 ) ;)

Good luck
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target 70
@Kil, one day your Ego gonna kill You :)

here you can put your ideas not your :poop:
did it work?
zakus truecristi27
@truecristi27, no it doesn't , i took a long position at the up break out of 64.90 and the 38.20 fib retracement(at the and of US morning session) (still waiting for the next 50% retracement the take the long side again ) and that's why i am happy to be in morocco i can trade the end of tha Asia session all of the london's one and the morning session of the US XD

( 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 .
+1 回覆
@zakus, yes zakus... as you said... you publish ideas... not :poop: :)
zakus truecristi27
@truecristi27, yes an idea is an idea it can be wrong as it can be right ( finally only market have the truth ) ... i am open to discuss in respect.
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