oil, buy or sell?
This week, after some statements from Trump and after OPEC's announcement on the production of barrels, the asset went into decline, which was confirmed after the crude oil inventory report, where stocks were expected to be well below what was announced .
The asset is beating in an important support in the house of the 58.20.
If the sales force confirms, it will fetch the 52.00 house, where we have an important support this year. However, if it can not break this support, the tendency is for the price to correct and return home at 63.00.
It is worth keeping an eye out because it is a good opportunity in this asset!
SELL: TP-52.00 SL- 59.00.
BUY: TP-63.58 SL-57.88.
My personal opinion is that the asset, at that moment will not have strength and will return the buying position, but I await the confirmation of the next candlles to establish my position in this asset.
This week, after some statements from Trump and after OPEC's announcement on the production of barrels, the asset went into decline, which was confirmed after the crude oil inventory report, where stocks were expected to be well below what was announced .
The asset is beating in an important support in the house of the 58.20.
If the sales force confirms, it will fetch the 52.00 house, where we have an important support this year. However, if it can not break this support, the tendency is for the price to correct and return home at 63.00.
It is worth keeping an eye out because it is a good opportunity in this asset!
SELL: TP-52.00 SL- 59.00.
BUY: TP-63.58 SL-57.88.
My personal opinion is that the asset, at that moment will not have strength and will return the buying position, but I await the confirmation of the next candlles to establish my position in this asset.