Day 2 @43.96 (43.75 according to CME) If I close now 4.8% Return. The low of the day could have netted 23% return. Oil is being propped up and not by market forces. Sooner or later this propping up is going to fail and It will move towards my target I believe.
Also the oil delusion. Cars use 15% less in warmer weather vs cold. As I said I was margined out, so this demo money. Today’s high was 44.60. I should start paying attention what this is doing to my free margin. I will do that starting next week. I have real money in position to fund my account and begin live trading again. Before doing so I want my current trade to run it’s course.
My bias is down, but really if I want to toe the line I also put Resistance targets above my entry, they can act as Bullish Price targets or Short Entry points. You decide