Candlestick reach Daily Resistance Zone (42.86-43.11) and Daily Trend Line.
Crude Oil (WTI) Daily Trading Report (9th August 2016) Short @ 42.63 Take Profit, 40.63 Stop Loss, 44.63 3R : 1, Own Risk Management
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On 10th August 2016(Wednesday), Cruide Oil(WTI) short almost hit take profit 40.63. We can see the trend already going down and go to 41.00 but unfortunately after the new of "Crude Oil Inventories" release, crude oil market going strong and raise up before the take profit and hit the stop loss.