Finally, WTI crude - long:
This trade is a left over from 2016 the last and final piece of a long trade taken in November. Price has moved to a new high at the close of the year, creating a higher high and closing the year there. I moved my stop up to lock 679 pips and over this last 15 min it appears price is challenging that stop.
I am bullish on this market for a number of reasons, but the technical side is showing now, higher low (July 2016) and now a higher high in December. So even if I stop on this trade, I will be looking for any long signal to trade higher prices.
This trade is a left over from 2016 the last and final piece of a long trade taken in November. Price has moved to a new high at the close of the year, creating a higher high and closing the year there. I moved my stop up to lock 679 pips and over this last 15 min it appears price is challenging that stop.
I am bullish on this market for a number of reasons, but the technical side is showing now, higher low (July 2016) and now a higher high in December. So even if I stop on this trade, I will be looking for any long signal to trade higher prices.
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