I have drawn the 1hr chart here to show the spike in volume with the low at 1780. We can see a break below the tredline and a lot of volume come back in. Actually the 30 min chart also shows a nice MACDH divergence at this point as well. All in all this actually constitutes a higher swing low on the oil charts after a lot of divergence at the major low of 1735 on the daily charts.
I am preferring to trade the July contract due to oversupply concerns on the June contract.
Stop at 1770 target 2020 in the first instance.
I am preferring to trade the July contract due to oversupply concerns on the June contract.
Stop at 1770 target 2020 in the first instance.
Trade fechado manualmente
Managed to get a 100 point move to the upside for some profit taking
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.