dewpoint
Short

US Crude - short

FX:USOIL   Crude Oil (WTI)
114 2 6
See chart
Trade closed: target reached: Now a wait and see approach here, i'm looking for push higher into the 154 area then i'll be looking to heavily short this
how did you decide on that entry?
Reply
@hittkts, Hi Apology for the lack of response, just noticed your comment. I use previous resistance and supports levels amongst other ideas of my own, trendlines and measurments away from the price mean/averages.
I'll be updating this shortly once we we price action, it could move into the higher price region, up to $70 or if price moves in opposite direction then we could see this move to my longer term target of approx $34
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