WTI Crude Oil - Intraday - We look to Sell at 40.96 (stop at 41.29)
Price action has continued to range within a triangle formation.
Trend line resistance is located at 40.96.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 40.96, resulting in improved risk/reward. Preferred trade is to sell into rallies.
Our profit targets will be 40.30 and 39.50
Resistance: 41.43 / 41.72 / 42.65
Support: 40.30 / 39.50 / 38.90
Price action has continued to range within a triangle formation.
Trend line resistance is located at 40.96.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 40.96, resulting in improved risk/reward. Preferred trade is to sell into rallies.
Our profit targets will be 40.30 and 39.50
Resistance: 41.43 / 41.72 / 42.65
Support: 40.30 / 39.50 / 38.90
Trade closed: stop reached
Stop loss reached!
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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.
Related publications
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.