Crude Oil Long
Oil looks bullish in Weekly & Daily supported with good momentum. Price had a parabolic move towards upside last week. Looking for a pullback in H4 to enter the existing trend currently.
Potential trade setup being looked at:
- Entry at 67.33 levels (Fib 61.8% retracement) after ensuring bullish momentum.
- TP - 70 levels
- SL - 65.9 levels
Please note: Oil may change its course and may slide down due to fundamental news such as OPEC meeting outcomes, Trade disputes among countries.
Potential trade setup being looked at:
- Entry at 67.33 levels (Fib 61.8% retracement) after ensuring bullish momentum.
- TP - 70 levels
- SL - 65.9 levels
Please note: Oil may change its course and may slide down due to fundamental news such as OPEC meeting outcomes, Trade disputes among countries.
Order cancelled
Trade didn't reach the entry level expected. It went up after a Fib 50% pullback.
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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.