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:
www.forexlive.com/ne...serve-draw-20220331/
www.forexlive.com/ne...-war-price-20220331/
www.forexlive.com/ne...-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:
www.forexlive.com/ne...serve-draw-20220331/
www.forexlive.com/ne...-war-price-20220331/
www.forexlive.com/ne...-inflation-20220331/