stephen91

stephen91

Hello there, As we can see the weekly trend line has been crossed over (Fake Break) but the channel (support) is intact and at Daily, we have a nice rejection with a Re-test today where I opened my LONG. My Take profit is exactly at the top of the channel 1.25600

stephen91

Hello Everyone, My previous post we had a waiting game on OIL which I believe it paid off. A couple of days ago OIL did break a tight triangle and now is ready to rally again. Be careful with the SL as it has to be accurate depending on your entry level. I recommend the SL to be around 63.40 and of course when you see the bulls rally please adjust the SL...

stephen91

HI, I am trading oil for about 1 year and I LOVE IT. Expect the unexpected! That's the way of thinking when you trade OIL. In my opinion, it is a waiting game at present as we need to see clearly which way it's going, at present can be both ways as we noticed the past days its just a ping pong game! Which again in my opinion its the most profitable ''game'' .

stephen91

Hi, Let's have a look at this charts. For short-term traders my expectation is that $7819.98 area will be reached soon, from there we need to see how it goes it might bounce up from there to retest the resistance if we pass that we can reach $9876.00 Good Luck to everybody!!!