WTI Crude Oil looking at 50
Updated
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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