Very very important Channel in Oil_ pay close attention to it.

I suppose that Oil has returned to an Huge Ascending Channel (look my longterm view). However, it is now situated in a Descending Channel and while it is inside of it - the decline view should be in a priority. If Oil rise till the top of this channel - prior attention to it - because there is strategic question could be solving - if Oil rise or fall. Remember about risk management. You can use green trendline as a stop line - if price dive below of it - very bearish sign. I suppose we really could see 35-38 level in Oil as a middle of the bottom part of this channel or 30- as a bottom of the channel. Be careful! Good luck everyone!

My longterm view:

Komentar:

Price is also at the middle of a short-term descending channel. Nice level.

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Look on Oil outside the trade until the dust settles.

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Trying to long again. Will see if it is good decision or not.

Komentar:

looks good. hope for the best.

Trading ditutup secara manual:

Don't rise still. :( Wait and look a dynamics outside of a trade.

Komentar:

No positions in Oil.

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Trading ditutup secara manual:

a poor dynamics

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The dangerous asset. A rigorous risk management is mandatory.