Hi Guys,
This is my trading plan for USOIL.
Price expectations are 80 USD.
This is the price OPEC want to sustain.
The recent drop in OIL prices were caused by two factors.
1. US Debt Ceiling Deal
2. Russia Selling Cheap Crude + Not honouring their commitment to cut oil productions by 500,000 bpd.
Saudi and OPEC are not happy people.
Lesson is stick to your word.
This is my trading plan for USOIL.
Price expectations are 80 USD.
This is the price OPEC want to sustain.
The recent drop in OIL prices were caused by two factors.
1. US Debt Ceiling Deal
2. Russia Selling Cheap Crude + Not honouring their commitment to cut oil productions by 500,000 bpd.
Saudi and OPEC are not happy people.
Lesson is stick to your word.
It happened and i was in the buys from the lows.