In USOIL at 62.17
TP at 64.00
SL at 61.50
I think price action will become more reactive to storage reports as we reach the summer months.
I don't expect too many surprises to the downside.
I like the entry here because it was very close to VWAP;
In my opinion, in the process of the market doing price discovery, learning the complete picture of a possible deficit, USOIL should rise in price.
And I think two rate hikes have already been priced in for the dollar.
Technical pattern is upward-sloped
TP at 64.00
SL at 61.50
I think price action will become more reactive to storage reports as we reach the summer months.
I don't expect too many surprises to the downside.
I like the entry here because it was very close to VWAP;
In my opinion, in the process of the market doing price discovery, learning the complete picture of a possible deficit, USOIL should rise in price.
And I think two rate hikes have already been priced in for the dollar.
Technical pattern is upward-sloped
Speculators looking to hold overnight, maybe?