Let’s try another long on the Oil on the double bottom. If the 92 area breaks, we also break the weekly trend line and we could see a measured move down to 85. I am thinking that the US producers will not allow this to happen because this starts to fall below production costs. So they will try to defend this area. Also Oil is very oversold here so a bounce is in the cards even if it may eventually go lower. Also we have a bit of daily DOJI, though the wrong color.
Good luck trading… :57:
Entry: 92.79
Target: 95.35
Trailing 50 Pip Stop: 91.98