looking for a short position today. Yesterday inventory news came as a positive 4.892M which generally means decrease in prices due to increase in supply of crude oil .
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Entry point: 41.84
Stop loss:42.51
Take profit 1: 41.24
Take profit 2: 40.60
Take profit 2: 40.20
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The over all trend of the crude market is still bullish but standing at this point we would treat 42.50 as ceiling and short from this range looking for a drop in prices till 40.41 as 40 handle is still very supportive. however a break below 40 level will further send prices to down and move the short term momentum to downwards as well.
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Disclaimer: Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved.
.
Entry point: 41.84
Stop loss:42.51
Take profit 1: 41.24
Take profit 2: 40.60
Take profit 2: 40.20
.
The over all trend of the crude market is still bullish but standing at this point we would treat 42.50 as ceiling and short from this range looking for a drop in prices till 40.41 as 40 handle is still very supportive. however a break below 40 level will further send prices to down and move the short term momentum to downwards as well.
.
Disclaimer: Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved.
Dagangan ditutup: sasaran tercapai
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.