Crude Oil FuturesShort
Crude Oil View - 22 December 2023
Updated
Earlier, we had taken a long trade on crude oil based on trends. Now, a slight pullback is expected. I've marked the levels I'm playing with and my position.
6200 has been rejected many times already, and expecting it to be rejected this time as well.
The targets are not much. I'm expecting only 3-4% in profit and -2% loss at max. Manage risk accordingly.
6200 has been rejected many times already, and expecting it to be rejected this time as well.
The targets are not much. I'm expecting only 3-4% in profit and -2% loss at max. Manage risk accordingly.
Trade active
Respect SL. My option SL is not hit yet so my trade is still activeNote
This was a better entry than earlierNote
A 5 min closing above I'll accept the loss and exitTrade closed: stop reached
Closed the tradeTrade active
Reentering. Choose appropriate SL and TargetsNote
Back to green, but a very small amount.Trade closed: target reached
Note
Expecting it to reach 6200 again
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.