I stopped out of my last attempt. Admittedly, it was a bit early. It wasn't a big loss.
This time:
- RSI overbought
- Stochastic turning down.
- Distance from 10 & 50 ma.
- Strong resistance level.
- Intermediate cycle still due for a decline.
Looking for a decline to the 50ma. It could go all the way to the 200, but I probably won't be trading that.
Buying SCO, stops at today's highs.
This time:
- RSI overbought
- Stochastic turning down.
- Distance from 10 & 50 ma.
- Strong resistance level.
- Intermediate cycle still due for a decline.
Looking for a decline to the 50ma. It could go all the way to the 200, but I probably won't be trading that.
Buying SCO, stops at today's highs.
Trade closed: stop reached
Oil surprised to the upside
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.