ridethepig | OPEC, Oil and everything in-between

2020년 12월 2일

A quick chart update here after reaching the 4th wave targets in a retrace;





Buyers now have a definite advantage going into OPEC; an extension of the cuts will be enough to open the position towards $50. But the advantage is only tiny, as we are back at the previous breakdown from our long-term macro charts:

OPEC now need to play the desperation moves with precision and genuine artistry. In my books, a master-stroke from Saudis with Iran noise there in the background incase a diversion is needed to complete the flow.

Thanks as usual for keeping the feedback coming 👍 or 👎

2020년 12월 4일

거래청산: 타겟 닿음

Time to take some profits and let the rest run with NFP!

2020년 12월 4일

노트

2020년 12월 4일

노트

Profit taking underway.. time to take off the risk and lets see if we get a runner.

2020년 12월 4일

노트

Let's see if we can fit in another swing down: