Oil futures: Short term update
The 1h chart shows interesting developments in oil.
We are long, in red with the last entry, but holding patiently and waiting to add.
The level above needs to be broken and buyers need to defend LOWS above this region.
We shouldn't see any movement below 49.36 for the daily trend to remain up.
Good luck,
Ivan Labrie.
We are long, in red with the last entry, but holding patiently and waiting to add.
The level above needs to be broken and buyers need to defend LOWS above this region.
We shouldn't see any movement below 49.36 for the daily trend to remain up.
Good luck,
Ivan Labrie.
Bình luận:
We're back above the upsloding inside trendline here, price has a good chance of breaking higher, we can prematurely take a tight stop long, with stop at yesterday's close here.
Giao dịch được đóng thủ công:
Oil advance got retraced, not ready to breakout yet, I'm out.
Giao dịch đang hoạt động:
We broke above the mode, safe to go long again, stop is 40 pips down. Last 50.71 (usoil)
Bình luận:
Stop at 50.71 now, blast off.
I'm out of all long positions for now, you could short here perhaps, but I won't risk it without a clear signal.