Oke some updates for the morning just woke up to check some positions i had oppened at the forex how they where doing in asian market.
Oke here is my view on oil for today it could be ranging between the 86 and 87
I am looking for a touch trade buy at 85.80 but i wait for price action to occur whe have some confluence there if it break i expect it will come with some force and will add a extra short. If not i close my short from top and enter a buy, the 87 lvl will be my first profit then. The bias is short for the day whe have price below dailly pivot but long term trend still strongly bullish i see oil at 91 next comming months. ANd then whe might have litle pullback to 85 again.
If it will retrace back to mr1 tommorow at 86.60 or the dailly pivot retest at 86.30. Then whe have a shs on the 15 min and will give the breakout short even more strength to only concern is for me i wanna see a break below that 85.70 for adding another short also the pa is important.
http://i42.tinypic.com/2ryjybm.gif
Oke here is my view on oil for today it could be ranging between the 86 and 87
I am looking for a touch trade buy at 85.80 but i wait for price action to occur whe have some confluence there if it break i expect it will come with some force and will add a extra short. If not i close my short from top and enter a buy, the 87 lvl will be my first profit then. The bias is short for the day whe have price below dailly pivot but long term trend still strongly bullish i see oil at 91 next comming months. ANd then whe might have litle pullback to 85 again.
If it will retrace back to mr1 tommorow at 86.60 or the dailly pivot retest at 86.30. Then whe have a shs on the 15 min and will give the breakout short even more strength to only concern is for me i wanna see a break below that 85.70 for adding another short also the pa is important.
http://i42.tinypic.com/2ryjybm.gif