I believe all this Iran war is about to raise oil above the trendline in order to dump harder
Fifth wave is about to start !
This was obviously a fibo level and so war had to end, anyone could have seen that.
We are going to get a middle finger pattern soon like previous ones, but this one is clearer.
Crude oil is too volatile for short options, natural gas is more manageable
Hey OP, sorry i dont get it? How would the global events lead to a rug pull?
Just trying to learn the market dynamics and their relation to global events - curious how would rising oil prices driven by the war lead to a rug pull…
I was insinuating that the big guys conspired with Trump to elevate crude prices ; only to make it fall harder (fakeout).
Obviously , it’s a joke or wait , maybe it’s real; who knows?
Here is your daily dose of conspiracy @zoomtrader
This may be true , in my estimation Crude oil is in a downtrend or at least in a range , countries like US & Russia indulge in war to prop up crude oil prices
Whats your view on crudeoil as I am stuck in a long position.
Why stuck? Exit it as per plan.
I think depending on other people for your positions is dangerous.
Maybe it will bounce maybe it wont, nobody knows.
I have heard that crude oil is a trending instrument.
From chart, its in a tight range after large fall. Not the greatest of signs. Ideally you want quick bounce back.
I have the plan and I am following the same but I asked only because I am new to commodities market. Thanks for your wise words
Good luck.
If plan is tested, then stick to it. Ignore everything else as noise.
If i were you . i will exit trading crude oil , my last trade on crude oil was in the month of may , i stopped trading crude oil , and also trading in other commodities are not so attractive now a days
Source: Oxford Institute for Energy Studies
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