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.
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Will drop to $1.645 by end of week
Trade closed: target reached
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Entered at $1.64. Could drop further this week
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US Oil ticking up at this present moment. BPT should bounce over the next several days. 10/10 trade setup