6 Jan 2015
Oil: Looking for shorts, targets 50, 46.75 - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies Forex, is looking to reset short positions in Oil, targeting 50, 46.75 and 40.
Key Quotes
The commodity recently formed a role reversal level around 52.15 which I'd be open to short on a rally and up to 53.50 again. Downside targets are 50, 46.75 and potentially all the way down to 40."
Key Quotes
The commodity recently formed a role reversal level around 52.15 which I'd be open to short on a rally and up to 53.50 again. Downside targets are 50, 46.75 and potentially all the way down to 40."