Blue Point Trading - Short Oil

Trading Discussion
1

Oil 03-05-2014.jpg700×441 42.5 KB

Oil breaking down on the daily, looking for the current trend to continue down. The BIG caution is the Ukrainian situation - if it blows up, all bets are off, as in the Russian tanks roll into Ukraine.

Entry 1: 100.50
Entry 2: 101.25
STOP: 102.25
Target: 98.90

Blue Point Trading, William Thompson

2

Well, the entry and exit was 10 pips off … but the idea was correct. If you managed to get in on it good for you. I have always been a bit greedy on the exact numbers.