Oil: Waiting for 52

Oil invites for a reshort at 52. Should be a decent R/R trade.

Commentaire:

Short from the box. 52-53 should be good entries.
I target approx 26 with the short.

Transaction en cours:

Welcome 52.

Trade fermée: ordre d’arrêt atteint:

Oil love conflicts. Trade closed temporarily. This can lead price to higher range of interval. I will monitor PA and observe in the 53-55 range.

Commentaire:

Re-entered today at 53. Let's see.

Commentaire:

OK, break-down backtested. Go to zero dollar / barrel now, easy :)
On more serious hand; I am disappointed by the rejection from this level so far. Seems that bulls thrive on sentiment of Libya and other unstable areas.