Oil is in an uptrend, and I expect it to continue.
At the moment, the stop-loss would be too wide — around 3.5%, which is a bit too much for my portfolio, especially considering I already have a wide stop on palladium.
On the 1-hour chart, I’m watching for a possible entry slightly below the current level. For now, just observing.
At the moment, the stop-loss would be too wide — around 3.5%, which is a bit too much for my portfolio, especially considering I already have a wide stop on palladium.
On the 1-hour chart, I’m watching for a possible entry slightly below the current level. For now, just observing.
Trade active
I buyTrade closed manually
Note
Closing here at 68.555Note
Why did I close the position?+1% overall isn’t bad for the day.
I’ve got heavy positions in palladium and silver — added more palladium today according to the plan I shared in today’s post about it. The metals are leveraged.
I want to slightly adjust the portfolio risk and overall exposure.
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Disclaimer
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.