If history repeats itself we are on a reversal path already
After hitting 73 and going down back to 71 on the two previous sessions makes me think that we have already started a pullback towards the circle target at 67ish, like the previous times. Would it be different this time?
My long term target remains unchanged but in the meantime we have many chances that the bear leg started even though a revisit to 74 was highly expected.
Current fundamentals are worsening for bulls and that backs the bear movement so far.
Careful trading tricky USOIL, protect yourself with options (CALLS and PUTS) and if you trade CFD try not to trade current month to give you enough time to manage your account. Use hedge instead of Stop Loss. Only use Stop loss once you have enough profit in your positions to cover some gains and to avoid volatility and regrets.
Cheers.
My long term target remains unchanged but in the meantime we have many chances that the bear leg started even though a revisit to 74 was highly expected.
Current fundamentals are worsening for bulls and that backs the bear movement so far.
Careful trading tricky USOIL, protect yourself with options (CALLS and PUTS) and if you trade CFD try not to trade current month to give you enough time to manage your account. Use hedge instead of Stop Loss. Only use Stop loss once you have enough profit in your positions to cover some gains and to avoid volatility and regrets.
Cheers.