A Classic Technical Set Up on Crude Oil (WTI)
Updated
A classic and simple technical set up-Playing the 50% Fib Level at $56.95.
Pivot Point is $57.11, if we can hold below this level, especially because of the fundamentals that came out on 11.14.19, we might see price revisit $54-$51. My long term TP is $47.
I will monitor the trade by keeping up to date with the fundamentals.
Stay tuned for updates.
Remember to follow, like, comment, and share.
Good luck & happy trading!
Pivot Point is $57.11, if we can hold below this level, especially because of the fundamentals that came out on 11.14.19, we might see price revisit $54-$51. My long term TP is $47.
I will monitor the trade by keeping up to date with the fundamentals.
Stay tuned for updates.
Remember to follow, like, comment, and share.
Good luck & happy trading!
Trade active
Open Entry @ $56.95Stop: 50 Points
Trade closed: stop reached
I adjusted SL to B/E @ $46.95. Glad I did as price blew thru my original stop at 57.45.Note
Correction** $56.95
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