oil reversion trade here. should test $50 level again
wpl bpt sto responding nicely.
sto churn for last few months. if breaks $4 level as expected then should see that big quick green candle i like
really all needed is some patience here. that $4 level on sto is tempting to take from the lows but this is where new targets open up if does get through. in january doubled from $2.50 to $5. higher low in place and next target if gets through is obvious. will see over next week or so if makes it.
bpt similar set up but not fussed which one does it here
all oil needs to do is hold this level and move up into next opec meeting and reassess
doesnt need to break $50 for this trade to work. just cement some lows around here so big end of town can do some safe maths on them and chance thet have to get rid of some debt with a more stable oil price than churn we have seen other last year or so
longer term not my favourite but one level at a time
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