CFDs on Crude Oil (WTI)Updated USOIl Near a trend decider
USOIL- The key trend decider level is at 57.60-45 areas.
1. Primary thesis is looking for it to break through to for a swing test of 56.95 regions.
2. Hold of this zone , for a retest back to 58 areas and higher
1. Primary thesis is looking for it to break through to for a swing test of 56.95 regions.
2. Hold of this zone , for a retest back to 58 areas and higher
Trade closed manually
We had a bit of a play on both sides for the scenario. 1. break below to test 57.20 areas ( difficult to scalp out even if you entered at a good point) and then a hold above for a test of 58 region. Now it has been coiling on the upper balance of that range. No concrete trade ideas til we some clarity established.
At best a pullback play to the composite of 57.75 from both ends
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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.