penant formation with anticipated break on the downside will push crude prices to 50% fib retracement ...inventory report might bring whipsaw movements so be careful with ur stoplosses
Comment:
1st target 44.5
Comment:
surplus production cut in crude oil than expected cut ,leading to a big jump in price action...
Comment:
crude oil resuming downtrend ...
Comment:
safe target to close short position 44.6
Trade closed manually:
trade close at 44.7 ...cautious exit with good profit