Here is an update on my Brent Crude Oil (ICE) trade I put on our blog on the 6th of September. The current price is so close to hitting my first target on Brent Crude Oil (ICE) at $56.63 and is still pushing higher. I have moved my stop loss well into the profit zone to $55.33 locking in my gains. I will be waiting for it to hit my target price but at this stage any level from $56.00 and above is enough.
Source – Bloomberg.
Always remember to apply your risk management measures before placing your trades as this will keep you trading in the markets.
Read more notes by Barry HERE.
All charts sourced from Bloomberg
Barry Dumas | Trading Specialist at GT247.com
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