Hourly Brent Chart
Very volatile market today.
Just place a sell-order after today’s upside move. Very tight stop-loss
My other positions had their stop-loss triggered, was still slightly positive. Lot of noise for nothing, but that’s oil (see: Oil is a Very Noisy Market. Learn to sit through Volatility).
Still bearish on the market and I think this could be a good entry point (see: 19.12.2016: Still Downside Potential for Oil on the Short-Term)
22.12.2016 Brent 10 min chart
Bollinger and RSI are screaming overbought conditions