Based on our 2017 forecast of Crude Oil we still see it has potential to go up till 29/09/17 and touch price level of 51.5 - 52.00. So go long above 50.20 with stoploss of 49.30.
By year end we expect Crudeoil to break it this year high and even touch 54-55 levels. Lower side we do not expect it to break 47. But in middle there is a correction you can see in the chart
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Comment:
On short time time frame of 120 minutes trade is mot moving in our favor so pls keep stop loss .
Trade closed: stop reached:
This is what happen when you try to jump in the middle of the trend without any signal from your system.
Comment:
But still Crudeoil is moving as expected . See my 2017 crudeoil forecast . this rally will continue till end of this month then there would be a correction