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CFDs on Crude Oil (WTI)
Long

CRUDE OIL (WTI) SAFEST ZONE TO BUY

By VasilyTrader
Updated
snapshot

-18%...WOW!

we are now close to all times market low 10.5.

analyzing the price action we can see a potential harmonic abcd formation with a perfect match with 1.414 extension.
for me, the safest buying zone will be between 10.5 - 12.0.

I would say that the underlined area is best for investing purposes buying without leverage on 1-2 year holding period with great potential roi.

for day trading, wait for a reversal formation within the zone, and buy with 18.0 initial target and your stop below the zone.

good luck!

Trade closed: target reached
HIT THE TARGET!!!
brentCrude Oil Futures WTI (CL1!)crudefuturesHarmonic PatternsOilTechnical AnalysisTrend AnalysisCrude Oil BrentDJ FXCM IndexWave AnalysisWTI
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