Resuming long position on oil. Setting up a buy limit order 70 with TP 75 and 80 and SL @66. Might add more buy position if there's more fundamentals support and likelihood that oil's gonna shoot up to 80 within the year, aligned with current overall market expectations. Must be careful with impending volatility
cnbc.com/2018/05/15/what-drives-oil-prices.html
reuters.com/article/us-global-oil/oil-eases-signs-of-demand-slowing-as-price-nears-80-idUSKCN1IH03D
ft.com/content/6612e32a-58dc-11e8-bdb7-f6677d2e1ce8
Weekly:
Confidence: B (because of geopolitical risks involved)
cnbc.com/2018/05/15/what-drives-oil-prices.html
reuters.com/article/us-global-oil/oil-eases-signs-of-demand-slowing-as-price-nears-80-idUSKCN1IH03D
ft.com/content/6612e32a-58dc-11e8-bdb7-f6677d2e1ce8
Weekly:
Confidence: B (because of geopolitical risks involved)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.