WTI Oil :Likely to break the range bottom eyeing 59.50 level
As expected ,Stop hunts are happening either sides of the past 10 day range (61.70-66.05).Yesterday we have seen a strong stop hunts by bears around 61.90 area and price barely managed to come inside the range. Speculative sentiment index is around 80% and technically the outer rectangular range bottom around 57.40 level needs to be tested before any upside breakout.
Trend : Range
Signal : Sell Limit (64.10-64.40 ) , Or a Split Sell at CMP based on your R:R / Position size + Limits
Stop Loss : 65.35
Target : 59.50 - 57.40 Handle .
Trend : Range
Signal : Sell Limit (64.10-64.40 ) , Or a Split Sell at CMP based on your R:R / Position size + Limits
Stop Loss : 65.35
Target : 59.50 - 57.40 Handle .
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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.