Oil moved upwards all week long so it must breathe a little bit. As it was because of speculation, we calculate it will go down to at least to 54.
We set some supports as reference, price may reach down to 50 but strength of this movement should be measured. We are placing long positions on short term and short positions on long term (our LOSSOL move technique)
Let's get some swag next week!
We found a couple of longs in 15 and 30 minute charts, now, as we expected, #OIL is moving downwards to our first target around 54.40. Let's see how we finish this week.
Trade closed: stop reached:
The reversal triggered our adjusted Stop Loss with a profit. Will wait for the next signal to re-enter.