Contra View on Oil
Aktualisiert
From the technical perspective, oil is at the cusp of respecting the major level which also acts a resistance along with the golden ratio. However, on a longer time frame, we could also see a big short coming. Time to build structural short positions in Oil.
Also, its a pain trade because April is seasonally Bullish for Oil. Hence, if we see this level is respected then, we can enter a short on a monthly timeframe.
For now, Short is the bias. Opec production numbers are coming on 10th April`2019. That could be the catalyst to determine the further moves.
Also, its a pain trade because April is seasonally Bullish for Oil. Hence, if we see this level is respected then, we can enter a short on a monthly timeframe.
For now, Short is the bias. Opec production numbers are coming on 10th April`2019. That could be the catalyst to determine the further moves.
Trade ist aktiv
Shorted first tranche @ 64.50
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.