65 days of uptrend from 4th, April to 8th, June, 65 days, and retracement (8th June to 11st July, 32 days, might just have finished, time can buy space, I think usoil is more likely going up from here, ( as long as 44.77 get hold)
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44.77, I am in, stop loss at entry.
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NihalCassim
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Stop triggered?
BernhardAnalytics
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44.3
NihalCassim
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I think you had the right idea but stop wasnt a good idea, volatility is high at these low levels with inventory data being reported. But I'm sure make you'll it back soon, I'm standing to buy at 43.25 for the last 3 days and almost caught it today. Happy trading and thanks for your charts.
NihalCassim
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With the new contract in and prices adjusted, I'm going to jump in right here at 45.5 (old price 44.8), I think your chart has nailed it.