Oil Long

With OPEC and Russia discussing the supply cut extension from March 2018 to end of 2018 (but realistically, they might agree to June 2018 instead), there's higher probability that it will rise to 60-65 soon before going bearish again especially once tax legislation issue in the US is dealt with. Setting up buy stop order with TP @60 and tight SL between S1 and base pivot lines.

www.reuters.com/arti...market-idUSKBN1DT0X9

oilprice.com/Geopoli...s-In-Global-Oil.html


Daily:

Weekly:

Confidence: A

Kommentera:

www.zerohedge.com/ne...-cuts-until-end-2018

Trade stängt manuellt:

Trade closed manually before the holiday season last year, but will go long again once bullish confirmation appears.