Go long the UKOIL if it trades at 53.78 or higher. If triggered, place your stop at 51.25 and exit the position for a profit at 56.12 or at your own discretion. (Always invest wisely). In this idea you don’t get the following: 1. How to identify the trade setup 2. How to identify short term trend 3. How to protect gains in your trade 4. Market deciding price...
Go short the UKOIL if it trades at 45.59 or lower. If triggered, place your stop at 48.30 and exit the position for a profit at 43.05 or at your own discretion. (Always invest wisely).
Indeed, I was expecting a surprise, but not from OPEC. It looks like the market does not buy that much the idea of "Fed rising rates".On the other side, this rally is based primary on expectations,but not fundamental change in driving factors. The fact that the rally is based on expectations makes me thing of an impulse wave. Although I am not e frequent user,it...
Brent's failure to sustain above $48.34 (50% of May 2015 high-Jan 2016 low), especially if preceded by a rejection at rising trend line (red) would open doors for a slide to $46.90 (rising trend line - blue). On the higher side, only a day end closing above falling trend line resistance would signal oil has made a short-term bottom and thus could yield a rise to...