BRN/COIL is Brent Crude on IPE (COIL is the IB symbol). Apologies if you thought I meant something else. https://www.theice.com/products/219/Brent-Crude-Futures
Excellent. You have come across an extremely important reality in trading and that is the calculation of position size. With the smaller stops, you can certainly have larger position sizes. Sadly, most traders will not pay any attention to risk management and will blow out accounts multiple times. So, the best bet for most retailers is to have a smaller position size on intraday than outraday, probably using less than 1x margin on intraday. An experienced trader who trades with no emotion and employs tight money management skills can make use of margin intraday.
Trading open its doors to those who were meant to be traders. the others give up or get distracted...
I haven't characterized this market, but it looks to be mean-reverting. If that's the case, then the probabilities are to the upside. The chart you posted doesn't require any annotation to see that price is, or was, moving sideways over the past couple of days with an upper limit of 34 plus change. After you posted it, though, price broke out of this range and reached almost 37 before retracing back toward 34, currently drifting sideways at around 34.5. Since price has been moving upward in a stable channel for about six weeks, the probabilities are that price will reach the upper limit, currently 70, but if it gets there at the same pace that it took the last time, from the 10th to the 19th, the upper limit may be at 80 by then (since the channel is diagonal, the upper limit increases daily). If it drops back below 34, get rid of it and try again at 24 (if you know nothing about Auction Market Theory, you may want to just watch it this go-round).