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
Trading on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. So you should be aware of all the risks associated with f trading .
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
Trading on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. So you should be aware of all the risks associated with f trading .
lol
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 .