So far only 25% of position taken back. We went to a low of $ 89 rounded, and bounced back current market $ 92.00. The end result is still a Doji star. The RSI is still high, but daily chart corrected a bit. The stochastic weekly is negative and is at a high level suggesting we will see low in the coming sessions. Of course oil bounced back on Biden statements, and we just have to wait and see what happens. If something drastic happens, market will react upwards. If the situation eases, LONGS will be liquidated again. Let's see the developments.
The overall view remains same. expecting correction back towards $ 78-80.
Strategy is SELL $ 92-93 and sell further at $ 96-99 and 101 for now, in case we go up first. If not, take profit 25% at $ 88.50 and rest 80.50 now.
The overall view remains same. expecting correction back towards $ 78-80.
Strategy is SELL $ 92-93 and sell further at $ 96-99 and 101 for now, in case we go up first. If not, take profit 25% at $ 88.50 and rest 80.50 now.
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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.