The WTI also known as the USOIL made a massive recovery after dropping to $-19 a barrel and looks to return to its glory days. All my USOIL analysis have been accurate to date as this is what made me my 1st million. Understanding how the oil prices come about and what influences the price for oil on the markets. The price for oil looks to become even more expensive considering the increase in demand. Should there be an over supply of the USOIL, we will see it plummet. For now I'm bullish bias but I will amend my analysis should we successfully break our of our rising wedge pattern.
Because there's a chance that it could break out, I will place a buy stop above 70.30 and take my profits at 106.00
You have to be prepared to hold positions to trade this signal. All the best.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Because there's a chance that it could break out, I will place a buy stop above 70.30 and take my profits at 106.00
You have to be prepared to hold positions to trade this signal. All the best.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
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