CRUDE OIL (WTI) USOIL - Posable time for Entry
Updated
Price Seems to be just about to hit the trend line again witch leaves and posable entry point.
SETUP
If the price breaks through the trend we have a Long position setup with targets around 49.90 and a stop at 49.15.
On the downside, if price rebound off the trend we could be looking at another run to the support at 48.55. This gives us a short entry with targets at 48.65 and a stop at 49.65.
I have added in a small triangle to where the candles seem tight around the price, could be an indicator of pressure towards the upside.
SETUP
If the price breaks through the trend we have a Long position setup with targets around 49.90 and a stop at 49.15.
On the downside, if price rebound off the trend we could be looking at another run to the support at 48.55. This gives us a short entry with targets at 48.65 and a stop at 49.65.
I have added in a small triangle to where the candles seem tight around the price, could be an indicator of pressure towards the upside.
Trade closed: stop reached
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