שורט
Oil long term trade. Risk to reward ratio at 10.4
Hello Traders,
From a technical perspective it makes sense to sell oil at these levels for a retracement towards the red line, witch is perfectly aligned with the Fib Retracement. This is a trade only for people that have buying power and can afford to risk. RSI also overbought witch calls for a correction.
After that retracement (if or when it comes), there is good buying momentum around the 50$ zone for a push towards new highs at 92$ or even above 100$. An increase at those levels before a correction happens it simply makes oil a VERY fragile market. Either way, GOOD LUCK out there.
From a technical perspective it makes sense to sell oil at these levels for a retracement towards the red line, witch is perfectly aligned with the Fib Retracement. This is a trade only for people that have buying power and can afford to risk. RSI also overbought witch calls for a correction.
After that retracement (if or when it comes), there is good buying momentum around the 50$ zone for a push towards new highs at 92$ or even above 100$. An increase at those levels before a correction happens it simply makes oil a VERY fragile market. Either way, GOOD LUCK out there.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.