15/11/2020
Last week we saw the Euphoria and the market reaction to the Covid 19 vaccine. The same last week we also saw correction from those moves. Now we discussed about these moves over our zoom meeting yesterday. We looked at 4 pairs. (Don’t miss the meeting for next week). We agreed that oil will need to go lower before it goes up as it is still correcting on the power move it made. Our outlook for the week is USOIL, we are going to see oil drop a little before it continues it upward momentum. We would allow the market drop and then wait for the bullish move with a buy-stop.
USOIL
BUYSTOP @39.70
STOP-LOSS @38.86
TAKEPROFIT @41.33