As I said, I believe consolidation above the ML of the blue frame is very important, as it shows signs of healthy continuation up. I believe the near term target is there at the crossing of orange MLH and blue 0.5. A decent drop afterwards retesting the ML, resetting indicators and preparing for a big OPEC impulse candle up.
The trade would be:
Riskier: Enter now, and hold all the way through to OPEC.
Safer: Wait for the OPEC meeting day for the entry.
Buy would be: 50.20 (July) with a target of 55.40. SL on your own discretion, risk management and trading style.
This is my view for the next few trading days.
Trade on your own risk,
Nick
The trade would be:
Riskier: Enter now, and hold all the way through to OPEC.
Safer: Wait for the OPEC meeting day for the entry.
Buy would be: 50.20 (July) with a target of 55.40. SL on your own discretion, risk management and trading style.
This is my view for the next few trading days.
Trade on your own risk,
Nick
Nick