Looking at this area for a possible short entry-
between 51.0 & 51.5. with target at 44.6; 40.0.
That said the $ is looking strong and this might continue and push oil above the 51.5, if it does then wait and see approach.
between 51.0 & 51.5. with target at 44.6; 40.0.
That said the $ is looking strong and this might continue and push oil above the 51.5, if it does then wait and see approach.
Trade active
Target area reviewed and now adjusted to the 38.5 - 36.0.Trade active
Shorts opened at 50.13 / 50.08Trade active
Stops moved to the entry point/break even.Target remains the same at 38.5.
Trade active
Locking in profit - stop moved to 46.50.If this should close above the 44 level then i may look to close this out and take the profit.
Can always re-enter the trade.
Trade closed: target reached
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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.