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USOIL - SETUP - WEEKLY CONTINUATION - 7 MAYWELCOME TO DACAPITAL TRADING!! USOIL just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Last Candle closed above Previous Week High and took out all Highs forming new one. DAILY Bullish Daily Candle forming after last few days exploding price action with trend continuations. WEEKLY Following Short/Mid and Longterm Trend, very bullish Price Action over the past few Weeks with several Highs and HH/HL Structures formed. LEVELS Entry @ 70.55 SL @ 69.80 (74 Pips) TP1 @ 71.26 (RR 1.0 = 74 Pips) TP2 @ 71.64 (RR 1.5 = 110 Pips) TP3 @ 72.03 (RR 2.0 = 150 Pips) Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
NYMEX:CL1!Long
by DACapitalTrading
4
OIL REMAIN BULLISHAll non-OPEC producers were called upon to help stabilize the market b'cos their role was as critical as the role of OPEC members- and as we all know Oil demand is expanding at enormous healthy rate despite the slower global growth. - Eyeing = 56.1 very soon (within 2weeks) One of the famous oil investors suggest that freezing production or in other words urges them to slightly reducing production, - OPEC wanted to send a signal to the market that it wanted to lower inventories as a way of encouraging investments.....but no one knows if both OPEC members & Non OPEC members will buy this idea - nonetheless, prior to making up their mind - oil will continue doing what's doing for now & once they decides to reduce production? then we may see oil drop back south (46.1) before Christmas or by Christmas:)
TVC:USOILLong
by DR.
5