wti can not last long at this price ? I believe short term we may see a little more down trend but it needs to be up near the $40's for production costs etc, i will prob enter on a buy stop around the $20 and be looking to take profits around the $30,$40,$50 and even $60 mark but thats me stoploss wise id not like to see it hit below $17 but to be safe ill be placing around $15 also be ready to watch USDCAD drop massive when this starts to rise
Note
wow what a start to the week !! oil has fallen to lows I do think id ever see ! I have now entered the market at below my target stop loss and will up date the drawing if i can but now stoploss will be around 10 which is a massive swing from first entry but at the end of the day will still need oil all be it
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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.