Look first I identify a strong sector then I share several ideas, why several? because my job is to put ideas in the desk of investors and traders, not just one but several and why. From my point of view there are three reasons:
The First is a trader or investor have more options for choose which one is better for him based in your risk profile, budget, and other personal and technical reasons.
The second is diversification, it is not known in advance which ones will be the ones that give the best performance.
The third is my Win/Loss idea ratio, if I share 10 and 7 or 8 work well my Win/Loss reputation is in a uptrend. I do not risk money but my reputation is at stake.
Professional traders do not follow ideas of charlatans
Now we go with the chart:
This idea work for swing trading and position trading but wait for a pullback around 12.80 the target for swing trade is around 17.00 based in past support.
And for a position trade is around 23.00 or more it depends of how the price behave if the price reach the 23.00 level and the Oil Futures in the future.
The First is a trader or investor have more options for choose which one is better for him based in your risk profile, budget, and other personal and technical reasons.
The second is diversification, it is not known in advance which ones will be the ones that give the best performance.
The third is my Win/Loss idea ratio, if I share 10 and 7 or 8 work well my Win/Loss reputation is in a uptrend. I do not risk money but my reputation is at stake.
Professional traders do not follow ideas of charlatans
Now we go with the chart:
This idea work for swing trading and position trading but wait for a pullback around 12.80 the target for swing trade is around 17.00 based in past support.
And for a position trade is around 23.00 or more it depends of how the price behave if the price reach the 23.00 level and the Oil Futures in the future.