I suppose that Oil has returned to an Huge Ascending Channel (look my longterm view). However, it is now situated in a Descending Channel and while it is inside of it - the decline view should be in a priority. If Oil rise till the top of this channel - prior attention to it - because there is strategic question could be solving - if Oil rise or fall. Remember about risk management. You can use green trendline as a stop line - if price dive below of it - very bearish sign. I suppose we really could see 35-38 level in Oil as a middle of the bottom part of this channel or 30- as a bottom of the channel. Be careful! Good luck everyone!
My longterm view:
My longterm view:
Comment:
Price is also at the middle of a short-term descending channel. Nice level.
Trade active
Trade active
Trade closed manually:
Look on Oil outside the trade until the dust settles.
Trade active:
Trying to long again. Will see if it is good decision or not.
Comment:
looks good. hope for the best.
Trade closed manually:
Don't rise still. :( Wait and look a dynamics outside of a trade.
Comment:
No positions in Oil.
Trade active
Trade active
Trade closed manually
Trade active
Trade closed manually:
a poor dynamics
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade closed: target reached
Order cancelled:
The dangerous asset. A rigorous risk management is mandatory.