Crude OIL Position Trade Idea
Dear Traders,
This is a position trade idea looking at the fundamentals of Oil.
Consumption of Oil will increase since US opens from 15th of May and other EU countries are also open alongside major Asian economies.
Please take this trade on your own risk. This is a position trade idea hence you might have to hold this for a couple of weeks / months.
Enter at current market price or wait for a pull back.
The current rally of oil prices can have a correction at 50 fib level 26.54 or first support level at 26.87.
My Stoploss level is 26.21.
If the price breaks out 27.92 level
The our Take profit levels would be as follows
Tp 1 29.63
Tp 2 32.39
Tp 3 35.15
Dont over leverage your account. If you dont know about Position trading kindly consult a financial advisor.
If you want to take my Services message me with you query.Moreover I would really appreciate your comments and feedback on this trade Idea,
Best of luck for the trade.
This is a position trade idea looking at the fundamentals of Oil.
Consumption of Oil will increase since US opens from 15th of May and other EU countries are also open alongside major Asian economies.
Please take this trade on your own risk. This is a position trade idea hence you might have to hold this for a couple of weeks / months.
Enter at current market price or wait for a pull back.
The current rally of oil prices can have a correction at 50 fib level 26.54 or first support level at 26.87.
My Stoploss level is 26.21.
If the price breaks out 27.92 level
The our Take profit levels would be as follows
Tp 1 29.63
Tp 2 32.39
Tp 3 35.15
Dont over leverage your account. If you dont know about Position trading kindly consult a financial advisor.
If you want to take my Services message me with you query.Moreover I would really appreciate your comments and feedback on this trade Idea,
Best of luck for the trade.
Trade active
Take Profit 1 29.63 is hit - Congratulations who took the trade.Now we are moving towards Tp 2 32.39
Trade active
Tp 2 Hit :)Trade closed: target reached
Tp 3 Hit I hope you made some good profit.
Am gonna post another OIL Trade Idea
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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.