Long this Oil Spot
Directional Bias: Long
Price Target: 72.5
Good Entry: 69.00-69.35 area
Risk/Reward: Risk of 50 ticks max on this/250 tick reward
Below 68.5, trade invalidates. Let's long this above 50 ma on 15 min charts (red line on charts).
Price Target: 72.5
Good Entry: 69.00-69.35 area
Risk/Reward: Risk of 50 ticks max on this/250 tick reward
Below 68.5, trade invalidates. Let's long this above 50 ma on 15 min charts (red line on charts).
Note
68.5 was indeed the level to trade over/under on this one. Stop can be moved to break even if in trade.
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