In my last USOIL analysis I said I wanted to to test atleast 52.4-52.8 before eventually going lower. After rejecting the 52.4 zone we came down and tested pretty much the last line of defense of the previous swing (which made for a pretty easy long).
Pressure is still up and we're possibly gonna see higher, but good risk/reward and worth taking a stab at imo
OG ANALYSIS (click picture):
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Partial fill on retest of 54.
Avg. ~ 53.43
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got my initial 50.5 target, expecatations now is a retrace back to around 52. where I'll be adding some
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retrace back to 52, shorts added
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gg's. That gap made this my most profitable USOIL trade both monetary and percent-wise.