Quick Take: USOil - Fast Approaching Important Level

USOil is fast approaching an important support zone which is also our take profit for our trade. But what I want to point out is that when prices reach this support zone, there may be a opportunity to trade the reversal.

I've released an important update on the longer term outlook on USOil and how we are going to profit from it. If you are unsure as to what crude is to do and what direction it is to head, then you need to read it!

You can access it here: USOil: Could We Actually See $30 Again? (Subscription Required)

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*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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评论:

Oil has reached my critical levels zone. I have closed my trade and pocketed the profits. But it may still be headed lower.