Crude Oil (Brent) - King Kong's Fist take two
Dear Community,
it has been a few days since our last trade on oil, which by the way banked some really nice profit. As mentioned back then, we wer expecting a small correction before the price continues to drop.
It might be a very aggressive approach at this stage but really the only realistic chance to get one more trade out of it before the oil price reaches it theoretical correction level at around $39.00/barrel. Brave traders can aim for the 61% Retracement at $36.87.
Come on King Kong, give it some!
Good luck
it has been a few days since our last trade on oil, which by the way banked some really nice profit. As mentioned back then, we wer expecting a small correction before the price continues to drop.
It might be a very aggressive approach at this stage but really the only realistic chance to get one more trade out of it before the oil price reaches it theoretical correction level at around $39.00/barrel. Brave traders can aim for the 61% Retracement at $36.87.
Come on King Kong, give it some!
Good luck
