Hey traders, I am spending my weekend browsing across different instruments.
The recent HOT commodity that everyone is talking about is oil.
This is how I see oil based on Harmonic analysis.
1. Price is bouncing off the lows on the daily channel
2. AB=CD patterns completes around $68
3. I am very bullish on OIL and I expect most commodity linked currencies to strengthen, namely Aussie, Kiwi and Canadian dollar.
Beaten down oil related stocks could also be revisited for potential long opportunity.
Plan of execution
1. Buy low on oil pullback
2. Try to capture simple AB=CD completion on the hourly chart to buy
Feel free to share what you think about oil with me.
The recent HOT commodity that everyone is talking about is oil.
This is how I see oil based on Harmonic analysis.
1. Price is bouncing off the lows on the daily channel
2. AB=CD patterns completes around $68
3. I am very bullish on OIL and I expect most commodity linked currencies to strengthen, namely Aussie, Kiwi and Canadian dollar.
Beaten down oil related stocks could also be revisited for potential long opportunity.
Plan of execution
1. Buy low on oil pullback
2. Try to capture simple AB=CD completion on the hourly chart to buy
Feel free to share what you think about oil with me.
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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。