Preferred direction: SELL
Comment: An excellent situation has formed for oil in the short term. After the price falls below level 89, the continuation of the downward trend towards level 85 is considered, where we set a target for this trading idea. Buyers are trying in vain to buy off the “bottom” of the market, but today the limit buyer dominates the market and pushes the price down.
We are considering two scenarios, where scenario №1 is more likely, but in no case do we forget about scenario №2, in which there will be a preliminary liquidation of “extra passengers”, and this will also allow us to attract new buyers as “fuel” for the trip down. One can also consider targets below level 85.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: An excellent situation has formed for oil in the short term. After the price falls below level 89, the continuation of the downward trend towards level 85 is considered, where we set a target for this trading idea. Buyers are trying in vain to buy off the “bottom” of the market, but today the limit buyer dominates the market and pushes the price down.
We are considering two scenarios, where scenario №1 is more likely, but in no case do we forget about scenario №2, in which there will be a preliminary liquidation of “extra passengers”, and this will also allow us to attract new buyers as “fuel” for the trip down. One can also consider targets below level 85.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade ist aktiv
Trade geschlossen: Stop wurde erreicht
Anmerkung
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🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Verbundene Veröffentlichungen
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.