Trade Idea: Buying Crude Oil
Reasoning: The market is testing resistance and trendline. The price is in oversold area and it shows a gaining momentum.
FIRST TARGET
Entry Level: 80.55
Take Profit Level: 88.55
Stop Loss: 78.55
Risk/Reward: 4.61
SECOND TARGET
Entry Level: 84.55
Take Profit Level:92.55
Stop Loss: 82.55
Risk/Reward:3.17
Reasoning: The market is testing resistance and trendline. The price is in oversold area and it shows a gaining momentum.
FIRST TARGET
Entry Level: 80.55
Take Profit Level: 88.55
Stop Loss: 78.55
Risk/Reward: 4.61
SECOND TARGET
Entry Level: 84.55
Take Profit Level:92.55
Stop Loss: 82.55
Risk/Reward:3.17
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.