FREE VIP SIGNAL BUY NOW WTI (USOIL) Oil prices fell | Focal Community Group (FXSignals)

FREE VIP SIGNAL
BUY NOW WTI (USOIL)

Oil prices fell more than 1.5% over the last 24h after the API said that crude oil stockpiles rose 2.3 million barrels in the week ending Oct. 22 (vs. +1.9 million barrels expected). Gasoline inventories rose by 500,000 barrels and distillate stocks increased by 1 million barrels, compared with a forecast for both to drop. Brent has been rising for 8 weeks, WTI for even 10 weeks. The majority of analyst see oil prices heavily overbought since weeks - we traded against the market, bought most of the dips and have been right EVERY SINGLE TIME. However, more selling is possible given oil's strong rise and I would consider it nothing more than a healthy correction. In my opinion, oil prices have still room to rise, in particular with falling temperatures in the northern hemisphere. While the API data had a strong impact, the data from the crude oil storage tanks in Cushing, Oklahoma was completely overlooked by analysts. Inventories at Cushing have fallen to 31.2 million barrels, the lowest level since October 2018 or about half of where inventories were at this time a year ago. I think that's the more important data, even though no media outlet or analyst is talking about it. We are buying the dip, which has been stronger in WTI.

Try to get in as LOW as possible.

Tip: Multiply your usual lot size by ~ 11 - 13 (1,100% - 1,300%) trading WTI (USOIL).

Signal delayed by ~ 20 minutes
(non-delayed signals in VIP group).


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We won 24 from our last 24 oil & gas trades
Likely one of the longest winning streaks in oil trades (CFDs) ever