BKR 4/14/2021

14 Apr 2021

Noteworthy:

• EIA raised demand outlook for crude
  

Overview:

• BKR in strong downtrend
  
• High risk trade trying to predict bottom
  

Entry conditions:

• Close above 20.61
  
• RSI > 40
  
• MACD fast crosses slow
  

Stop Loss:

• Low lower than previous bar
  
• Close below or at 200 EMA
  

Target Profit:

• 63 EMA
  

Disclaimer
Not investment advice. Thinking out loud in a crowded room.