FX:USOIL   CFDs on Crude Oil (WTI)
142 2 5
Oil             has came up in last few sessions because of that double bottom formed at 45.8, it is in range of 51.6 to 45.8 so i believe it will go up lil bit more to 51 then come down to 46, so we have great opportunity to short for those who missed it earlier.. short opportunity from 51 to 46 with stop loss of 51.6, we have great risk and reward ratio.
we can also play Intraday up to 51.
Good Luck
Than y nt we go long now and than go short?
Gursimersingh Baswaraj_1986
The thing is if we short from 51 then we have only .60$ risk for 5$ profit and if you long now it has Stop loss of more than 3$ for only 2$ profit which i believe not a good risk reward ratio. you can intraday up to 51 then short.
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