US OIL MARKET OUTLOOK
WTI - Market outlook.
Last week we did well on WTI taking some big trades and a few scalps, this week we have smashed it straight away. All projections have been followed to perfection and altered along the way when needs be. A new Higher Low was created in the bearish channel and we have secured over 300 pips today from this move. We are anticipating more bearish pressure from here but below 89.44 and we will see a swift move lower.
We are well positioned, SL at breakeven, 50% of profits already taken and now we can relax and watch the market do whatever it likes. In this climate WTI can go anyway which it pleases, fundamentals will be more apparent and will shine through before the technicals which is why we are taking profits and securing entries at breakeven.
As stated in the week 8 outlook this is an important week and would should get a medium-long term direction after this week. Iran entering the market and a peace agreement with Russia with sink WTI and start a bear cycle which is what economies will want as at the current climate the inflation is becoming unbearable.
Don't miss out!
Last week we did well on WTI taking some big trades and a few scalps, this week we have smashed it straight away. All projections have been followed to perfection and altered along the way when needs be. A new Higher Low was created in the bearish channel and we have secured over 300 pips today from this move. We are anticipating more bearish pressure from here but below 89.44 and we will see a swift move lower.
We are well positioned, SL at breakeven, 50% of profits already taken and now we can relax and watch the market do whatever it likes. In this climate WTI can go anyway which it pleases, fundamentals will be more apparent and will shine through before the technicals which is why we are taking profits and securing entries at breakeven.
As stated in the week 8 outlook this is an important week and would should get a medium-long term direction after this week. Iran entering the market and a peace agreement with Russia with sink WTI and start a bear cycle which is what economies will want as at the current climate the inflation is becoming unbearable.
Don't miss out!
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