The July delivery contract is seemingly in a decent spot for buyers. Having retested the bullish structural gap area, oil is now trading at a price where many players are waiting for it choose the direction, which will ultimately accelerate the consequent move as players book profits/losses. This can be interpreted as having greater control of risk, as a $1.5K risk is enough to "know" whether one is wrong being bullish here.
Kommentera:
The $1.5k risk was more than enough to now that you should get out of short risk exposure.