Seems more upside likely for WTI.
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Disliked{quote} I have exit rules, Stop / Take Profit moved to 4973.8 Swing exit. LockedIgnored
DislikedThis has been a yawn per day week. The 48.49 support remains intact, if it breaks, direction would be obvious. The gap down from Monday doesn't seem to be a breakaway gap. <yet> It should be expected that the overall formation is bearish. So beware upside breaks that don't make new highs. Some US market sentiment is bearish in nature: http://www.eia.gov/todayinenergy/detail.cfm?id=27672 Most days have been inside days and its clear that we need more data before direction will become clear. For the longer term traders, there is no obvious...Ignored
DislikedSo any idea when this thing will stop to fall ? I'm short since 48 and 49, target at 40. But now seeing the downward momentum I'm thinking to widen at least for half of my position. Btw. this is my very first trade in oil... {image}Ignored
DislikedTaking a nibble from 47, 1H chart showed BF / CH, so valid entry. Will hold for a bit.Ignored
Disliked{quote} so, if there is no need to freeze output - back to 46.7 and deeper?Ignored