US Oil Long

Resuming long position on oil. Setting up a buy limit order @70 with TP @75 and 80 and SL @66. Might add more buy position if there's more fundamentals support and likelihood that oil's gonna shoot up to 80 within the year, aligned with current overall market expectations. Must be careful with impending volatility

www.cnbc.com/2018/05...ives-oil-prices.html
www.reuters.com/arti...ars-80-idUSKCN1IH03D
www.ft.com/content/6...e8-bdb7-f6677d2e1ce8


Weekly:


Confidence: B (because of geopolitical risks involved)