No change in view.
The RSI is correcting little, and stochastic is negative. Based on that analysis and the current political state, OIL LONGS are liquidating slowly.
Strategy is REMAIN SHORT or when new position SELL $ 93-95-97 and 100 range, and take profit 30% at $ 88 and rest $ 78 for now.
The RSI is correcting little, and stochastic is negative. Based on that analysis and the current political state, OIL LONGS are liquidating slowly.
Strategy is REMAIN SHORT or when new position SELL $ 93-95-97 and 100 range, and take profit 30% at $ 88 and rest $ 78 for now.
Comment:
slight adjustment. Took profit 25% of position at $ 91.20. Further, will take more back 25% at $ 88.00 fow now and balance $ 80.25.