On the daily time frame WTI has broken the upper range and is now also breaking the 14 EMA. This along with a Stoch Rsi showing high buying pressure and Adx showing a bullish reversal makes a clear case for buying into oil strenght.
Stop loss: 48
Take Profit: If 50 is broken follow the price with a 60 pip stop loss.
Stop loss: 48
Take Profit: If 50 is broken follow the price with a 60 pip stop loss.
Trade active
2nd position added. SL 48.50 on both positions.
Trade closed: target reached
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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.