Oil is on the top of the trend line and has shown a reversal diamond patter. Short this rally, don't risk too much of your money, it's a bull market after all. Take 70% profit on the first target indicated on the chart.
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First target was hit and bounced up from the support. I hope you guys took Profit on 70% of your position.
At this stage you can let the rest of the 30% run to the second target. Move your stop at breakeven point for the last 30%.
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watch for the breakdown
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here we go
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Breakdown failed, Moving stoploss to 55.55. remember this is the last 30% of your position.
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Trade closed. Descent profits. I'll be waiting for a long entry
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