You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 22.9866 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
If you’re short Brent Crude you should be aware of the rapidly approaching level of 68.2940
Brent Crude is moving towards a resistance line. Because we have seen it retrace from this level in…
After experiencing a 28.06% bearish move in the space of 26 days, nobody knows where Natural Gas is headed.
A movement of 28.06% over 26 days on Natural Gas doesn’t go unnoticed. You may start considering where…
US Oil is quickly approaching a very important level it has previously tested numerous times in the past
US Oil is moving towards a support line. Because we have seen it retrace from this level in…