Long
CRUDE OIL - Long Postion
Crude oil looks poised to make its journey down towards the major support / swing level at 63.37 as indicated on attached chart. An entry position LONG around that key level could prove beneficial with a TP of ~70. Oil is still in a strong uptrend on the Daily 200sma so it is likely it will continue to ATH or there abouts after a touch on this support level.
Just a nice set up I see forming but I am no professional so please do your own DD.
Thanks & GL.
Just a nice set up I see forming but I am no professional so please do your own DD.
Thanks & GL.
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.