The oil market in the following days will be very shaky but ultimately, it will reach $43 which is my first TP. From there on I am not sure about oil direction as the indicators on different time scales greatly contradict themselves and some data also contradicts other data and indicators.
Comment:
Nice DMA crossover. We are on our way ladies and gentlemen.
Trade active:
The lower BB is widening as expected on the 4H. $43 incoming.
Comment:
We are bouncing of the 4H vwap (43.05), I think in the next 4H we should see sub 43 consolidation.
Trade closed manually:
Took profit, 90% partial. Will re-enter at higher levels $50. Or after $42 breaks
