Following daily.
I got a long signal with my system.
Hard TP 21.2
But I'll publish a dynamic SL and target. If you want to join trade, please follow my updates.
Having a look at the two weekly TF we see a lovely trading range with PA bouncing nicely between low 30's heading towards the 50's, this has been here since 2010. Indicators on this TF look bottomed and riddled alive with bullish divergence. MFI trending upwards contrary to the price, likewise fisher and MACD. We are also watching closely for a bull cross on the...
They are almost at full capacity.
The Oil minus 40 price might be from all the retail traders rushing into an Oil ETF that balooned and struggled to rollover their contracts to June.
Or it might entirely be due to every one being at full capacity.
It is not over, US Oil producers are still extracting Oil, because no one wants to be the one to reduce his output...
As the square root of 1.786 point at a short term top for VPKA it could be possible to short this stock for a few days.
Stop at the top (point C)
And based on price action taking profit at 44,44euro
However profit target2 is more deeper around 43 euro
Based on risk management I will trade this setup on scalp only basis, since up power in crude oil is in favor...
![VPK: Some companies will do really well [Oil Storage]](https://s3.tradingview.com/f/FRXPF9Sy_mid.png "Some companies will do really well [Oil Storage]")
![VPK: LONG VOPAK [VPK]](https://s3.tradingview.com/x/XadIDFU8_mid.png "LONG VOPAK [VPK]")
