Let's look to Wti.
It moved up in the past weeks. But I think that trend is weakening and downside movement is possible soon.
Because, Crude Oil is reaching to strong level - 83.83!
What should we do in this case?
1. Place sell stop order at 81.52
2. First target is 76.98
3. Second target is 73.16
4. Stop Loss is necessary at 83.50
But if it will continue upward movement? Then, we need place buy stop order also:
1. Open buy stop at 83.65
2. Target is 86.98
3. Stop is 81.01
That's all for today. Let's wait and see what will be happen in next days.
Good luck!
It moved up in the past weeks. But I think that trend is weakening and downside movement is possible soon.
Because, Crude Oil is reaching to strong level - 83.83!
What should we do in this case?
1. Place sell stop order at 81.52
2. First target is 76.98
3. Second target is 73.16
4. Stop Loss is necessary at 83.50
But if it will continue upward movement? Then, we need place buy stop order also:
1. Open buy stop at 83.65
2. Target is 86.98
3. Stop is 81.01
That's all for today. Let's wait and see what will be happen in next days.
Good luck!