Will us-oil rise up ?
Hi there ! today we will talk about US-OIL trade . As you can see from this chart , oil market crashed due to the conditions in the middle east and after that it has made complex up down movement near about 70.300.
As you can see here that oil made fakeout to the downside and made its upward movement as a valid bullish breakout. So this 70.250 zone seems very important for us to join the bullish momentum .
So we can buy from here , our stop loss goes below 69.471 and our take profit target can be set at least 4 times profits which is 74.00. Trade carefully and stay with ligand .
As you can see here that oil made fakeout to the downside and made its upward movement as a valid bullish breakout. So this 70.250 zone seems very important for us to join the bullish momentum .
So we can buy from here , our stop loss goes below 69.471 and our take profit target can be set at least 4 times profits which is 74.00. Trade carefully and stay with ligand .
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