taftrader
Long

Still bullish oil

TVC:UKOIL   CFDs on Brent Crude Oil
Lets take another long here. That blue zone was previous resistance now turned support. Remember we have a long term trade on oil but this is a short term trade in line with our overall view though.

Entry: 64.54
SL: 63.52
TP: 66.55

Manage risk appropriately!
With the API numbers frontload coming bearish and with the fact that we couldnt break the 65 mark last night and remain above it, i am watching if 64.24 - 64.22 holds are gets dropped as well, as we can see a bearish move in my opinion. If that happens i will be looking for the stabilizing around 63.9 - 63.6 to enter long - as i support your idea of going long here .. - thanks for the charts - and let me know your feedback on above mentioned ..
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