Thursday, June 20, 2013

BRENT OIL UPDATE: 20/06/13. 15:25HRS

BRENT OIL:

Price pulled back, but not as far as I would have liked.

The high of the pull back was 105.05 or 15 pips shy of my first order at 105.20

Price has now made it way down and the target at 102.85 has been hit.

You will note from the chart, the stochastic did not return to the overbought area, therefore I was not really given much of a chance of a nice risk reward entry.

Chart below:

 



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

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