OIL (Bullish) -- Tgt 55.50 and 58.50
Position size: 10% of portfolio (USD), increasing to 15% if we touch $50.50
Entry price: $52.18
Stop price: trim to 10% portfolio under $49.00, trim to 5% portfolio under $47.00
Target: $55.50 and $58.50
Trade type: Relative short term bullish value detected, long side trade
Leverage: -10
Predicted trade duration 2-8 days
Oil has been on a historical bear run. On a relative value basis, we should see a bounce.
However, some of the longer term analysis says oil could go as low as $38 per barrel.
This is my own analysis as well as a consensus from professional traders I keep in touch with.
Entry price: $52.18
Stop price: trim to 10% portfolio under $49.00, trim to 5% portfolio under $47.00
Target: $55.50 and $58.50
Trade type: Relative short term bullish value detected, long side trade
Leverage: -10
Predicted trade duration 2-8 days
Oil has been on a historical bear run. On a relative value basis, we should see a bounce.
However, some of the longer term analysis says oil could go as low as $38 per barrel.
This is my own analysis as well as a consensus from professional traders I keep in touch with.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.