I m betting on OIL longs for time being since it is above good support block. Also with cross comparison with other markets such as currency, it is safe to believe that its going to go long. Since CAD & AUD is getting stronger in currency market, it is appropriate to trade longs in OIL. Hey but one need to be very careful trading OIL, since this is beast is more of fundamental than technical. Also when one is going to go long in OIL they need to know that their opponent is GOLDMAN SACHS.
Stopouts
1] Sustained break below support zone & I m out of relationship with his beast. 2] Also if CAD fails to takeoff next week against USD & EUR than again I m out of this trade.
Targets
No target as of now but will exit in profit whenever I exit USDCAD & EURCAD.
Please share your thoughts too.
Stopouts
1] Sustained break below support zone & I m out of relationship with his beast. 2] Also if CAD fails to takeoff next week against USD & EUR than again I m out of this trade.
Targets
No target as of now but will exit in profit whenever I exit USDCAD & EURCAD.
Please share your thoughts too.
