Today’s Market Calls of WTI Crude Oil Forecast

Somnath Das Independent Analyst

USEFUL MARKET DIRECTION | TRADING LEVELS:

URGENT PAIR WTI: UPTREND 1hr CHART

BUY WTI (CRUDE OIL): ENTRY: 54.87, TARGET: 55.67/57.47, SUPPORT: 54.40

This week WTI will be upside due to global tension if it cross $58 level then further stretch can happen. Recommendations is buying on every dip.

FXStreet Forex Interactive Chart:

ULTRA SPECIFIC CETERIS PARIBUS STRATEGY:

“Without strategy and execution, a great idea will remain just a good idea.”- Dom

By keeping in mind the daily target price constant trade frequently 3- 4 times a day. Maintain a free margin level approx 200%. With this trader can hold open positions up to 600 pips (approx) if opposite scenario happen. It is applied in a 1:10 leverage setting (Adjust Floating Leverage). Hold the open positions overnight in case of verified short term trend for maximum profit.

UNIQUE TRADING PROCESS:

The trading process is based on ZIGZAG Analysis and combining with ADX. First, predicting buy/sell any type (limit/stop) intraday. Second, identifying any type of hourly candlestick pattern formation, it is suggested to enter 1st position (buy/sell) at any level between the average of daily entry and sl price.

Third, try to book an initial quick profit to verify predictions validity. This process can be repeated twice or thrice in sidewise market. Also, distribution of positions by averaging method will be helpful. This way we can maximize intraday profit, provided that the daily market direction is verified and holds true.

Fourth, on the fundamental side, we will check the price action more during the news in the economic calendar on CPI (Consumer Price Index) data of EUROPE, UK, USA, JAPAN, CANADA, SWEDEN, and SWITZERLAND. Trade deficit data is important to follow for more volatility.

“Every correct Decision you make takes you one step closer to being Wealthy and Successful”- © Somnath Das, 2018-2019

Author

Somnath Das

Independent Analyst

Without strategy and execution, a great idea will remain just a good idea.

EUR/USD looks apathetic around 1.1770

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GBP/USD regains 1.3500 and above

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Gold appears offered around $5,150

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