Hi,
Is crude going to keep sliding? If the move down so far was missed, a nice opportunity for a new entry has been presented.
Entry around $21.
Stop loss around $22...just above the recent highs from the 27th & 31st.
I'm targeting $12.50 for now on the downside.
Tomorrow could be a big day for oil. The current OPEC+ deal expires with currently no agreement to keep the Saudis from opening the tap wide open.
I'm planning to enter at $21 and then add to the position with a break below the recent low at ~$19.25. If this level breaks...it looks favorable to get ugly.
What's everyone's thoughts on this trade?
All bets are off if a deal with OPEC comes together.
Cheers!
Days Off
Is crude going to keep sliding? If the move down so far was missed, a nice opportunity for a new entry has been presented.
Entry around $21.
Stop loss around $22...just above the recent highs from the 27th & 31st.
I'm targeting $12.50 for now on the downside.
Tomorrow could be a big day for oil. The current OPEC+ deal expires with currently no agreement to keep the Saudis from opening the tap wide open.
I'm planning to enter at $21 and then add to the position with a break below the recent low at ~$19.25. If this level breaks...it looks favorable to get ugly.
What's everyone's thoughts on this trade?
All bets are off if a deal with OPEC comes together.
Cheers!
Days Off
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.