Today will be looking for oils next direction based on the range of 57.22 and 56.23. after these areas are broke we then have to see confirmation of further direction or a impulse going the same way. If not a range trade will be pursued
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ok, that I call the impulse up was looking for nicely clearing the range so now will look for a retrace to enter
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I am now long oil with a very small risk factor,
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Was not happy with the speed in which this trade moved after taking it, did see 8 ticks of profit and almost closed at that point, Still holding but will not give it much more room before taking the loss.
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no worries, that is trading, winning them all is not possible.