Entry at 88 - now Wednesday night
Target: 84
Stop Loss: 91.50
Conditions for this trade:
Waning momentum, it looks like crude is getting tired as it is going up at a slower pace
Collision with its respective moving average: on here we have it set for the 50-period EMA
Event risk of news resolving the issues at hand that provided for a catalyst in oil; lack of fuel to the fire
The risk/reward ratio for taking this trading in crude oil futures is appropriate, it would make sense to keep the trade running if oil continues to drop
Target: 84
Stop Loss: 91.50
Conditions for this trade:
Waning momentum, it looks like crude is getting tired as it is going up at a slower pace
Collision with its respective moving average: on here we have it set for the 50-period EMA
Event risk of news resolving the issues at hand that provided for a catalyst in oil; lack of fuel to the fire
The risk/reward ratio for taking this trading in crude oil futures is appropriate, it would make sense to keep the trade running if oil continues to drop
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.