Buy Setup in Crude Oil

Buy dips in crude oil as long as 42.70 supportive zone holds the price above. The commodity did a breakout above the most recent down trend line on the H4 chart, re-tested it and it is now set for further gains.

Stop Loss – below last low to be created during the pullback.

Target 1 – 46.00.

Target 2 – 47.00.
breakoutbuycrudeCrude OilLONGTrend LinesWTI

Also on:

Related publications

Disclaimer