Hi,
Is crude going to keep sliding? If the move down so far was missed, a nice opportunity for a new entry has been presented.
Entry around $21.
Stop loss around $22...just above the recent highs from the 27th & 31st.
I'm targeting $12.50 for now on the downside.
Tomorrow could be a big day for oil. The current OPEC+ deal expires with currently no agreement to keep the Saudis from opening the tap wide open.
I'm planning to enter at $21 and then add to the position with a break below the recent low at ~$19.25. If this level breaks...it looks favorable to get ugly.
What's everyone's thoughts on this trade?
All bets are off if a deal with OPEC comes together.
Cheers!
Days Off
Is crude going to keep sliding? If the move down so far was missed, a nice opportunity for a new entry has been presented.
Entry around $21.
Stop loss around $22...just above the recent highs from the 27th & 31st.
I'm targeting $12.50 for now on the downside.
Tomorrow could be a big day for oil. The current OPEC+ deal expires with currently no agreement to keep the Saudis from opening the tap wide open.
I'm planning to enter at $21 and then add to the position with a break below the recent low at ~$19.25. If this level breaks...it looks favorable to get ugly.
What's everyone's thoughts on this trade?
All bets are off if a deal with OPEC comes together.
Cheers!
Days Off