For quite sometime, I as having the idea of investing in crude oil for longer time frames.
I understand crude oil price movement is on three factors.
1) demand - supply data
2) regionalised Geopolitical conflicts
3) Serious international troubles ( war moods )
The strength of the price movement we have to catch depends on how we assess it.
calculations with Fibonacci, Gann, Elliott waves give many times false signals, entry exit levels.
So having tried and tired, people move into multi scrips trading.
Here investment decisions and capital to be invested play a major role.
A good trader will allocate his investments based on the strength of the price movement.
I understand crude oil price movement is on three factors.
1) demand - supply data
2) regionalised Geopolitical conflicts
3) Serious international troubles ( war moods )
The strength of the price movement we have to catch depends on how we assess it.
calculations with Fibonacci, Gann, Elliott waves give many times false signals, entry exit levels.
So having tried and tired, people move into multi scrips trading.
Here investment decisions and capital to be invested play a major role.
A good trader will allocate his investments based on the strength of the price movement.
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