HOPE YOU LIKE WHAT YOU'VE SEEN SO FAR IN BRENT. PLEASE LEAVE AN UPVOTE IF YOU'D LIKE TO GET MORE UPDATES FOR OIL TRADING. THANK YOU.
OK SO WHAT WE GOT IS A STRONG BEAR SETUP ON DAILY WITHIN THE RISING CHANNEL PRICE IS SLOWLY CLIMBING, HOWEVER A NEW BIG DUMP IS PENDING SOON. MY TARGET IS -10% FROM 63.40-63.60. BEST ENTRY AND STOP LOSS WITH TARGET - DETAILS - SEE CHART.
THIS IS A SWING TRADE SETUP SO YOU HAVE TO HOLD THIS FOR A WHILE FOR MAX POTENTIAL. ALSO KEEP IN MIND IF YOU ARE SHORT SELLING WITH HIGH LEVERAGE VIA FX BROKER, KEEP IN MIND THE NEGATIVE SWAP FOR HOLDING YOUR POSITION.
NOVEMBER//DECEMBER VERY BAD SEASONAL PERIOD FOR CRUDE OIL SO I'M EXPECTING A BIG DUMP AND REJECTION FROM HIGHLIGHTED LEVELS.
GOOD LUCK AND LET'S MAKE SOME MONEY,
ASGCORP
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STILL VALID // OUTLOOK UNCHANGED.
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VALID AS OF TODAY. MIGHT START ROLLING OVER NEXT WEEK. WILL REVIEW/UPDATE OVER WEEKEND.
@AlchemyFx, lol. yeah. it's a pretty god damn good idea. sell short 10K bbls. PnL = 60K. have to mind the swap though, but it's peanuts still, compared to the pnl.