Resuming my campaign on the long side on oil as we open up the week. We broke out of an important pattern and held above the support so I am adding to my position.
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Added like a madman at the test of the support.
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Took some profits off the table and moved stop losses to entry points.
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Closed out all positions as we reach a previous important high. Will see if I can fin a lower price to get in again.
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I went long after the break of the highs following a retracement. It is a sign of strength and when zooming out it looks like it has long ways to go. I reduced my position size because the entry is sub-optimal but I will try to build it back up. in the following days.
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Getting out completely ahead of FOMC meeting.
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Took a small position into the retracement, will add at lower levels or high levels depending on how things unfold. I believe that we are not done seeing that thing go higher in the next weeks to come.