Crude is at a key trading point. Given the overall bearish tone on the oil market I'm suspecting we might see a short squeeze before moving lower longer term.
Week target is $49.10 with a low capped around $45 per barrel. Lets see what the week brings!
Note: All ideas shared here are for learning and understanding purposes only. Any trade taken on this projection is done so under your own risk.
Week target is $49.10 with a low capped around $45 per barrel. Lets see what the week brings!
Note: All ideas shared here are for learning and understanding purposes only. Any trade taken on this projection is done so under your own risk.
Trade closed: target reached:
This trade turned out nicely. At this point any further upside is subject to new analysis.