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Time for some OIL — in breakout mode

by Gav Leave a Comment

I am not trading on Friday, so I thought to have a look at some charts. After watching Adam’s video from market club, I had a look at oil.  I see oil coming. It is in the trading range, and with the sell off of USD , momentum is building up,  chances are, we will be seeing a upside breakout. My dumb prediction? 70-ish as first target. Let’s see how it goes. And…what do you think it will affect the equity market?hmm…are you still holding Long positions?

Here is the ….CHART! (Click to view full chart)

oil_daily

Here are some technical statistics:

oil_trend

About this tool

Filed Under: Trading Journal Tagged With: FX, OIL, Trading Journal, USD

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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