CRUDE OIL - RANGE BETWEEN 28 - 38 - SHORTTT
Updated
Expecting crude to be ranging from 38 to 28 level. Preferable short term setup. Short all the way at price 35 -38 with a very good risk reward.
Stochastic is approaching high level of 80 in 4H chart. 1D still stuck at low level of 20 indicating the price will not move up much in the short term.
Do remember the trend is your friend but do set your cut loss tight as well.
Happy Trading ! :)
Updates: Saudi Arabia, Russia raise stakes in oil production standoff (link attached)
Read more at:
economictimes.indiatimes.com/news/international/business/saudi-arabia-increase-oil-output-to-record-high/articleshow/74565313.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Stochastic is approaching high level of 80 in 4H chart. 1D still stuck at low level of 20 indicating the price will not move up much in the short term.
Do remember the trend is your friend but do set your cut loss tight as well.
Happy Trading ! :)
Updates: Saudi Arabia, Russia raise stakes in oil production standoff (link attached)
Read more at:
economictimes.indiatimes.com/news/international/business/saudi-arabia-increase-oil-output-to-record-high/articleshow/74565313.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Trade closed: target reached
We have clear all of our position @ level 28-29.00. Volatility in the market has increased, so do our strategy! Do follow us to get our latest updates ! Rule_no1 : "There is nothing certain in the market except uncertainty, and you have to accept it."
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