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Hawkish on inverse Oil derivatives DWTI

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This Spring there were huge Volume in DWTI and the fact that mid-term downtrend didn't go through tells me about accumulation in this ETF. And if you consider fundamental factors of OIL: Aramco IPO, shrinking demand from China, world transformation to alternative energy, in general bear state of Money Monegers by CoT ( WTI Commitment of Traders freecotdata.com/commodities-2/), we can expect equilibrium of oil prices below, and thus hawkish state of DWTI. TA also supports the way up, which prints higher high, and higher low on the ETF, meeting buyers from 50ema on Monthly. Plus, if we close that month at this levels, in addition to the rest arguments, we shall get engulfing candle and step by step Targets @ 125, 230, 400$ shall be open. Remember to take profits, as derivatives is not an investment instrument.

Feragatname

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