Oil has reached a price ceiling and will have to come crashing back down shortly. It is out of the bollinger bands and several other indicators show that a price adjustment is necessary. Stop losses of around 49.50. Should see this pan out over the next few days.
Trade closed: target reached
Really great first trade. Nice 9% short. Hopefully this wasn't beginners luck.
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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.