Oil has been a relatively lucrative target lately despite its volatility. Thia idea represents a conservative approach for a short-term trade.
The moving averages on this chart are currently at around $107.5 and the price has respected the moving averages as a resistance. If the next few candles close above this level, I'll be comfortable to invest a small portion of my portfolio with a relatively tight stop loss within one to two ATRs under the current moving averages.
This content is for entertainment only and does not constitute as financial or professional advice. Please feel free to share your thoughts below!
The moving averages on this chart are currently at around $107.5 and the price has respected the moving averages as a resistance. If the next few candles close above this level, I'll be comfortable to invest a small portion of my portfolio with a relatively tight stop loss within one to two ATRs under the current moving averages.
This content is for entertainment only and does not constitute as financial or professional advice. Please feel free to share your thoughts below!
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