Traders,
Some important levels for crude here. As you all know I went long at 45.80's and am deciding what to do on trading next week on whether I will close my position for the time being or not (Due too 200MA and doji top, and stoch divergence situation)
These levels are all key levels and are instrumental to accurate crude oil trades. I, personally, hope to see a minor pullback off the 200MA, and a reload and uptrend continuation scenario. But I will trade what I see, not what I feel on this situation. I am happy to go short if the right set ups occur. Just as I am happy to go long if the set ups occur. Neither scenario phases me, and being in this range level we have a nice amount of time to think about it.
Best of luck,
Tom
Some important levels for crude here. As you all know I went long at 45.80's and am deciding what to do on trading next week on whether I will close my position for the time being or not (Due too 200MA and doji top, and stoch divergence situation)
These levels are all key levels and are instrumental to accurate crude oil trades. I, personally, hope to see a minor pullback off the 200MA, and a reload and uptrend continuation scenario. But I will trade what I see, not what I feel on this situation. I am happy to go short if the right set ups occur. Just as I am happy to go long if the set ups occur. Neither scenario phases me, and being in this range level we have a nice amount of time to think about it.
Best of luck,
Tom