Long

Brent shortterm bullish flag

By IamJeanPaul

Updated

Looking for a move into 65.50
Entry 64.80 Stop 64.65 Limit 65.50

Trade closed: target reached

Closed 65.30 +50

Note

I was in a hurry i couldn't clarify my idea and rational behind it.
First of all Oil, made yesterday this push lower that was countered with a strong bull move back to the highs. Thats where is started monitoring it closer.
Secondly i liked the flag it formed over this consolidation period.
I saw relative strength in the risk on market, as stock indices started to push higher on growing positive trade deal news started tickling in, now such positive tones also help to push oil higher. That was the final nail in the coffin and when i committed to a long position that worked out today.
Have a nice weekend.

IamJeanPaul

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