The reward is near, you've held for months, we're now about to approach a significant price in the USOIL were most oil traders will feel that the market will change direction at the resistance level $91.50. In the next two weeks we will have a retracement where we will see oil sell from $91 a barrel to $84 a barrel. Most scalpers take such opportunities to capitalize on profits. I recommend that you take some profits at the resistance of the rising wedge and open a buy limit at support ($72-$74).
Once we can confirm a clear bullish movement at $85 (strong resistant cluster on the daily and weekly time frames), we will take the opportunity and take profit from $100 - $115 a barrel.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Once we can confirm a clear bullish movement at $85 (strong resistant cluster on the daily and weekly time frames), we will take the opportunity and take profit from $100 - $115 a barrel.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Note
TP1 HITTrade closed: target reached
TP2 HITTrade closed: target reached
TP3 HIT
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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.