COT confluent with wave analysis

COT report is indicator that not calculate by price
but it indicate that commercial player trend to buy or sell

if you check weekly COT report
it clear trend that commercial player is buying significantly

confluent with wave analysis that Oil can go further

I hope correction phase is end
yeah hard to predict
wave C might go down for more and hit out SL

anywhere I think we have good edge to entry this trade
by using 4H chart bulling engulfing to confirm this entry

Сделка активна:

I move SL to entry point

I afraid that we are in B leg of zignzag
if so price can go down below our entry