Wednesday, June 12, 2013

BRENT OIL UPDATE: 12/06/13. 06:46HRS

BRENT OIL:

Price has pulled back over night to a high of 103.03.

My first order was at 103.10.

I had a stop loss 103.90 which is 80 pips from the first entry.

If I had made the 1st Entry level 103.00 or 102.95 the risk reward just isn't there.

My orders have not been hit and they have been removed.

Price is now at 102.22.

Chart below:

 
I will update again when the next strategy trade has been identified.
 
 

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