oil outpout plan unchaged. Biden disagrees.
ENTRY: 110.27
STOP LOSS: 114.72
TAKE PROFIT: 101.14
After oil went down 5% after Biden's announcement to release up to 180M barrels of oil, the market reacted fast, to the downside. the OPEC+ meeting on the other hand released the short-selling pressure and see's Ukraine Russia pressure as a long-term problem and leaves their stance unchanged. My trade idea is betting on volatility and lack of buying pressure from this past week.
Useful links:
forexlive.com/news/oil-down-over-5-after-biden-threatens-biggest-emergency-oil-reserve-draw-20220331/
forexlive.com/news/russia-is-offering-its-oil-to-india-at-a-us35-discount-to-pre-war-price-20220331/
forexlive.com/news/biden-admin-is-considering-a-massive-oil-release-to-fight-inflation-20220331/
STOP LOSS: 114.72
TAKE PROFIT: 101.14
After oil went down 5% after Biden's announcement to release up to 180M barrels of oil, the market reacted fast, to the downside. the OPEC+ meeting on the other hand released the short-selling pressure and see's Ukraine Russia pressure as a long-term problem and leaves their stance unchanged. My trade idea is betting on volatility and lack of buying pressure from this past week.
Useful links:
forexlive.com/news/oil-down-over-5-after-biden-threatens-biggest-emergency-oil-reserve-draw-20220331/
forexlive.com/news/russia-is-offering-its-oil-to-india-at-a-us35-discount-to-pre-war-price-20220331/
forexlive.com/news/biden-admin-is-considering-a-massive-oil-release-to-fight-inflation-20220331/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.