TVC:USOIL   CFDs on WTI Crude Oil
WTI seems to recover after it has been falling for a while now. For now, my entry-level was $21.50 and I'm looking to take profits out and then scale in multiple time to until the price recovers the gaps completely. I will be looking for more bullish price movement in order to scall into the position.

My targets are 23.20, 25.00 for now. The Ultimate target is 41.20. But this will depend on many factors based on Oil , & Open. (I believe these negotiations are not everything. We will see soon some good news on Oil opposite to what is expected).

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Trade active: I will be updating the trade here. Like and Share
Trade active: Been stopped out on this trade. I still believe it is a long trade. There is so much negativity around oil prices and now the negative news has reached its Max.

I have given this one more try to go long at 19.50 with stop loss at 18.50. Targets 21.00, 22.00, 25,00 and then ultimately around the 40s.

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Trade closed manually: Big Fail on this Idea. I managed to close in time in small profit before WTI broke down.

Comments

Thank you for your view. I think it might roam around here for abit while testing the next support at 17.50. Hopefully it wont drop further to 15, but the teens is what is required to reduce shale producers from producing, and another call for g20 emergency meeting.
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Isnt it rather bearish currently?
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