Here's my complete count from 2000 until now.
Two short term targets are important now.
$71.5
$83.68
I expect a failure at one of those levels. Followed by a new decline to <$35.
PS: A move above $86.74 would invalidate this idea.
$OIL #WTI #BRENT #OOTT $CL $BRN
I think we have gone for local stop-orders of shorts, and now we go to stop-orders of longs.
Also we is near strong level of resistance ($37). Nice try for shorts with short stop-orders.
Deal:
Sell: $36,1
Stop: $37,2
Take: $32,2
Risk|Profit: 1|3,8
Good Luck Have Fun
Keeping an eye on Brent here. Horizontal resistance at around $33.50 currently. A breakout could potentially target $44.50. Alternatively, we could see rejection at around $33.50 where oil could pullback slightly. We wait for confirmation either way.
