OIL - Fourtynine

I have the same feeling as at 49$...
Every breakdown is bought at 49$ again and again on high volume.

We must notice the divergencies in every indicator:
RSI, MACD, TSI...

General stock markets are in a rally mode : there is no reason for oil to fall...

So I'm buying here.
New long entry : OIL US Crude July

Manage position size. I'm not going to stop this out even if it's going to 42 or 40$...
I will be adding there.

Comentarios:

We have a close above 49 again.
And we have a few trapped bears below the magic fourtynine.
That's why I didn't use a stop. 49$ is protected.
They will run the stops above 50$ now.