A simple forecast I am anticipating with mean reversion targets of $2 to $4 below $42.50.
Note
Oil trade triggered short...
Note
Free trade. Proper management at this point to its target(s).
Note
Properly managed, you would make money on the 1st drop. If a strong conviction of the selling area, would've taken a second trade with same targets .... 1st of which was nearly hit by .30 cents.
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.