RSI has popped out of channel. Five days of gains for Beach Energy and improving USOIL. Could we see Beach Energy have a little rest, before marching on to $1.90? Key risks are movement on USOIL, China Growth, Trade Tensions and Brexit.
Comment:
Will drop to $1.645 by end of week
Trade closed: target reached:
Entered at $1.64. Could drop further this week
Comment:
US Oil ticking up at this present moment. BPT should bounce over the next several days. 10/10 trade setup