Today we are having a look at Crude Oil. The previous bullish run from 68 to 76 dollars ended in fiasco and a massive bear run followed shorty after as you can see from TA. This bear market gave us amazing short trades as shown here
In the recent days bulls have finally showed a little bit of effort and managed to push the price higher. We are close to making a bullish cross after almost 3 months. Watch closely what happens to price around the key area of 48 - 46 as shown in this picture.
If you are brave place your orders there or wait for a complete cross. If we get a complete cross layer your longs and exit only after we get a cross in the opposite direction. Start taking profits if you see weakness in the red zone as shown here.
If bulls fail and the price drops below 46, continue shorting as previously. I will update this idea, when something interesting happens. Happy trading!
PS: If you wonder what indicator I am using, it is a new one, I will release it, when I test it little bit more.
In the recent days bulls have finally showed a little bit of effort and managed to push the price higher. We are close to making a bullish cross after almost 3 months. Watch closely what happens to price around the key area of 48 - 46 as shown in this picture.
If you are brave place your orders there or wait for a complete cross. If we get a complete cross layer your longs and exit only after we get a cross in the opposite direction. Start taking profits if you see weakness in the red zone as shown here.
If bulls fail and the price drops below 46, continue shorting as previously. I will update this idea, when something interesting happens. Happy trading!
PS: If you wonder what indicator I am using, it is a new one, I will release it, when I test it little bit more.
Comment:
Up about 4 percent since the call. Take partial profit here and put SL at entry for a risk free trade.