We can open BUY in marked zone because there are is support/resistance zone and the price is in range above it! Potential profit will be in 3..5 times bigger then risk.
If 60 holds we could see prices higher. I think the upside this week could be limited to 62.5. I expect fundamentals will begin adding selling pressure this week as geo-political tensions appear to be in waning. UK gave Iran an easy route to de-escalation and appears to have had "constructive talks" in regards to the Iranian tanker currently held by Gibraltar authorities. The tropical storm that hit Louisiana over the weekend wasn't the worry it was made out to be last week. It appears the industry will be back to normal operations in 2-3 days and won't have much impact on Inventories. India and China released data confirming the the global growth slowdown is still in trend, adding more demand worries. Big US data dump Tuesday, could be good trading day across multiple securities.
Yuriy_Bishko
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@CheersOrTears, Great job Mr.! Thanks for your shearing!
shalindewan56
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SL: 59.50? It rejected 61 quite aggressively - what makes you think will go up form here?
Yuriy_Bishko
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@shalindewan, more detail information is for VIP group members
shalindewan56
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@Yuriy_Bishko, stopped out with 1K loss - Thanks hopefully you can help make it up in next trade idea as this was a loss