Bought 1 lot of supermini oil at $132.67

Oil is trading in a range of $131 - $139, currently oil is trading near to the bottom of the range. If you believe oil will continue to trade inside this range, then you would expect oil price is expected to move back up to $135 - $137 level.

Since the bottom of the range is $131, the ideal level to place your stop is below $131.

In my view the risk reward ratio of this trade is very favourable, as downside is small while upside is huge.

Bought 1 lot of supermini oil at $132.67
Place a GTC stop at $130.90
Target level at $136.00


If you want to trade supermini oil contract, click here.
Value of 1 point is US$100, very affordable to trade.


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