Genghis
Long

Brent Crude Oil.. have we topped?

FX:UKOIL   Crude Oil (Brent)
118 5 2
6 months ago
While most folks are calling this the top we could be due one more leg higher.
As part of the wedge set up last Friday we ran up and bounced between 1.618 and 2.618 levels. Interested to see how price reacts around 0.5. We could see a rally at least back up to the broken trend line or beyond.

If we break below 47.20 I'm joining the bear camp.
6 months ago
Trade active: Long at 47.72, SL 47.17
6 months ago
Comment: SL moved to entry
6 months ago
Comment: Didn't trade my system and messed with SL. Paid the price as stopped at flat and rallies in my face.
6 months ago
Comment: There goes $50 !
Genghis
6 months ago
snapshot

Has started well. Likely will have to creep SL along side any subsequent rally as she is a volatile beast.
Reply
Genghis Genghis
6 months ago
snapshot

Didn't trade my system and messed with SL. Paid the price as stopped at flat and rallies in my face.
Reply
Genghis Genghis
6 months ago
snapshot

Robust set up for a long quickly approaching.
- Into 0.5 fib retracement of recent range
- Potential support at April's high of 48.23
- Bull trend line support (thick black line)
Reply
Genghis Genghis
6 months ago
snapshot

WTI
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Genghis Genghis
6 months ago
snapshot
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