i believe that oil is a going to go on a small retracement, down to the area of $60 a barrel. i am currently waiting for the trade to break through my trend line and drop to $60.
I'm not to sure if ill be entering a short, because for my style of trading, i don't really know what a good profit target would be. My analysis says short to $60 a barrel, but i just don't have a feeling strong enough that will take me don't there.
what do you think? let me know
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