usoil 8h chart buy low after pullback tp 85 usd/bbl
Updated
🔸Today let's review the 8 hour chart for crude oil . Previous setup was invalidated due to
the unexpected OPEC production cuts. Right now technical outlook flipped to bullish.
🔸Price gapped higher almost 10% after the OPEC production cuts were announced.
Bulls hit the strong overhead resistance at 82 USD/bbl and right now I'm expecting
a short-term pullback and re-test of the key s/r bulls below market price.
🔸Recommended strategy for crude oil traders: expecting short-term pullback and
therefore the recommended strategy for bulls is to buy low after we re-test the key s/r
price levels at 72/73 usd bbl. stop below recent market lows and TP1 is 80 USD/bbl and
TP2 is 85 usd/bbl. This is a swing trade setup, so may take a while. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
the unexpected OPEC production cuts. Right now technical outlook flipped to bullish.
🔸Price gapped higher almost 10% after the OPEC production cuts were announced.
Bulls hit the strong overhead resistance at 82 USD/bbl and right now I'm expecting
a short-term pullback and re-test of the key s/r bulls below market price.
🔸Recommended strategy for crude oil traders: expecting short-term pullback and
therefore the recommended strategy for bulls is to buy low after we re-test the key s/r
price levels at 72/73 usd bbl. stop below recent market lows and TP1 is 80 USD/bbl and
TP2 is 85 usd/bbl. This is a swing trade setup, so may take a while. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
usdcad 8h swing trade setup best level to buy/hold
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💎solana meme coin algo based
⚡️signals based on whale activity
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🏧to the next level join us today
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