Recent touch of low 58s was due to seasonal weakness and a much broader market sell off; dollar strength. Oil prices will continue to the upside with the high probability of a risk premium due to the current US administration, low capex, storage numbers hovering just above or below multi-year averages, and the miscalculation of US shale oil abilities and possibilities.
Trade active:
Incorrect assumption on buy-volume return.
Expect it to be tomorrow (02032018) or March 5.
Expect it to be tomorrow (02032018) or March 5.
Trade closed: target reached:
Exited position at 63
Entry was 60.72
Stop Loss was 59.50
Entry was 60.72
Stop Loss was 59.50