Rich_Exclusive_Trading
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Will Crude Oil Break through to 60 dollar? or retracing?

FX:USOIL   Minyak Mentah (WTI)
Will Crude Oil             Break through to 60 dollar? or retracing back to 52's ?
I think there is a good chance it will climb further, when the chart closes in a big plus today without retracement!
When it breaks 58,00 I think we will touch 60. But, we can also expect a retracement now, because this happens often after a huge move. The retracement can go to 55 area with possible break to 52.

Today I opened a position at 56,58 dollar and I am in good profit now! I can choose to close my position today and wait for what is going to happen tomorrow. When it breaks 58 we can open a new long to 60. The climb from 58 to 60 will be the double of today's profit, so that seems to be the right decision.

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Ciao,

Richard!
I have thought about it @kamizama1 .....
I think there is a good chance it will climb further, when the chart closes in a big plus today without retracement.
When it breaks 58,00 I think we will touch 60. But, we can also expect a retracement now, because this happens often after a huge move. The retracement can go to 55 area with possible break to 52.

Today I opened a position at 56,58 dollar and I am in good profit now! I can choose to close my position today and wait for what is going to happen tomorrow. When it breaks 58 we can open a new long to 60. The climb from 58 to 60 will be the double of today's profit, so that seems to be the right decision.

What do you think ?
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