USOIL Trade Log

Nov 29

A long position in USOIL on the 4-hour chart is supported by the following factors:

- Discount Zone Entry: Current prices are within a discount zone, indicating a potential buying opportunity.

- Strengthening CVD Uptrend: An increasing Cumulative Volume Delta suggests growing buying pressure.

- Supporting Macro News: Recent geopolitical tensions, such as accusations of ceasefire breaches between Israel and Hezbollah, have led to concerns over potential supply disruptions, contributing to upward pressure on oil prices.

These factors collectively indicate a favorable environment for a long position in USOIL.

Dec 3

Trade closed manually

Not moving the way I liked.