Blue Point Trading - Long Oil


Recent down trend broken to the upside. Buy on the pull back. Geopolitical events in Ukraine could give it a boost. Also, the equity surge could break to new highs and add to the risk on trade. The negatives longer term are Fed ending stimulus - Dollar strength. Also, supplies of Oil are well supported. So it will be a tug-o-war on the price this coming week - but we will trade the charts.

Entry: 99.40
Stop: 98.00
Target: 102.00

Blue Point Trading, William Thompson

Move stops up to 99.00. If it breaks here watch out. For shorter term traders move stops to BE.

Well if you didn’t chicken out (stop) and stayed with the trade, the original trade was a winner…:53: