📌 Oil - Election Positioning Map
ridethepig
Here we are approaching the strong 41.5x resistance, the same levels we have been tracking since calling an end to the v shapers rebound. OPEC now has the difficult task of provoking price into action, any manoeuvres on the supply side will not be able to offset the demand shock from further restrictions and lockdowns entering back into play. For those who remember the pre-covid chart, we are in a very similar environment:
For sellers here and now, the 41.5x represents a certain chance of setting up fresh shorts and attacking both the centre and the low in our map. It should be clear that we are in a dead cat bounce still from the initial knee jerk reaction flow. Expecting a test of the lows and $30 extensions before building a more solid basing formation. An extremely instructive example of how we can find openings in the chaos.
ridethepig
Here we are approaching the strong 41.5x resistance, the same levels we have been tracking since calling an end to the v shapers rebound. OPEC now has the difficult task of provoking price into action, any manoeuvres on the supply side will not be able to offset the demand shock from further restrictions and lockdowns entering back into play. For those who remember the pre-covid chart, we are in a very similar environment:
For sellers here and now, the 41.5x represents a certain chance of setting up fresh shorts and attacking both the centre and the low in our map. It should be clear that we are in a dead cat bounce still from the initial knee jerk reaction flow. Expecting a test of the lows and $30 extensions before building a more solid basing formation. An extremely instructive example of how we can find openings in the chaos.
Operación cerrada: objetivo alcanzado
First targets cleared ✅Nota
USDCAD also moving...
Operación cerrada: objetivo alcanzado
TP2 hit! ✅
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.