Wanting a test of 65 next week, after a small pull back.
We have seen Oil continue to keep driving back towards the highs after the fall in summer. Daily is still showing room to the upside. With a high a chance of pulling back before continuing, I have found an area of value and will be looking for longs from the 63 area, if it fails to hold. Then I will not be holding. Oil is VERY aggressive and could easily take a 200 pip turn on any day it feels like. But, looking through all Tf's and how price has been reacting to previous levels. I like more upside. Lets see!
We have seen Oil continue to keep driving back towards the highs after the fall in summer. Daily is still showing room to the upside. With a high a chance of pulling back before continuing, I have found an area of value and will be looking for longs from the 63 area, if it fails to hold. Then I will not be holding. Oil is VERY aggressive and could easily take a 200 pip turn on any day it feels like. But, looking through all Tf's and how price has been reacting to previous levels. I like more upside. Lets see!
Comment:
Stops at breakeven,