The chart of crude oil telling the story itself that it is travelling into a bigger Descending Triangle formation and currently trading with in the channel which depicts that it will touches soon its possible support level @ 43.50 of the channel. Any bounce can be seen from there. Traders are using the selling on every rise which is already shown in the chart. If breaches the level of channel support, a huge downside can be open for the oil.
Trade active
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Trialing my STOP LOSS and thats what we were talking about.
Trade closed manually
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Approx target reached once, booked profit around 43.80
Comment
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New trade activated @ 20 levels and booked profit yesterday.