Previous Oil long idea did not end up reaching the target - let's try again. Along with my SPY trade idea, I believe oil is due for a nice rally, even if in a counter trend capacity.
Directional Bias: Long
Price Target: 72
Good Entry: Breakout Above 68.5 or another retest of low 66 area.
Risk/Reward: Risk no more than 100 ticks/ 300-600 tick potential reward
Directional Bias: Long
Price Target: 72
Good Entry: Breakout Above 68.5 or another retest of low 66 area.
Risk/Reward: Risk no more than 100 ticks/ 300-600 tick potential reward
