I saved my profits on orders of oil. About $3.5K. Now I have a 1 lot order at 65
And a pending order for another 1 lot buy order on 64.46
This thing is just going to push the price higher in the upcoming days and we can expect 75 or even 100 dollars per barrel in the next 8 weeks. So I'm going to swing it till 74.47 for now and then we'll see how market reacts.
The support area for the price is $58-60 price range and swing target is 74.47. So for me the stoploss would be a close of daily candle below $58 price. If price corrects to $60 I will add to my orders there as well. You can set your volume of trades based on your own risk profile
Scott
Thank you sir
Ron Saldanha
Hope there is peace and the people do not suffer. Thank you for your good service to help other traders.