Oil turned bullish and followed the bullish scenario...We took a small loss on this but SL were moved when we had the large dip so it didn't really effect us.
Oil is currently climbing and there is now no real resistance until 83.60-80. There is a market gap at 80.40 so I am reluctant to long at this moment in time in case of a fill of this gap before we move higher.
Currently watching the following...
Should oil dip and fill the gap then I will long to 83.60 but if oil reaches 83.60 first I will short down to the gap. Easy movements to watch and follow
Oil is currently climbing and there is now no real resistance until 83.60-80. There is a market gap at 80.40 so I am reluctant to long at this moment in time in case of a fill of this gap before we move higher.
Currently watching the following...
Should oil dip and fill the gap then I will long to 83.60 but if oil reaches 83.60 first I will short down to the gap. Easy movements to watch and follow
