Crude Oil -Can use the fundamentals to push the strong resitance

Jan 13

Hi guys we are going to take a look into CL. The Black Gold has had some interesting fundamental events recently , with the Biden administration imposing a few important and key tarrifs over the Russian exports of OIL. Additionally on a technical preview as we visited this asset a few times, it has broken a few very key support levels, and the price started actually moving in a good direction.Previously we saw the price move sideweays for almost 2 months.

Entry: 77.50
Target 1: 78.50
Target 2: 79.50
Target 3. 80.50

As always my friends happy trading!

P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!

Jan 13

Note

1st target has been reached.

Jan 16

Trade closed: target reached

Last target has been reached

0.10 (100 barrels in trade) - 300$ gained profits ✅
0.50 (500 barrels in trade) - 1500$ gained profits ✅
1 (1,000 barrels) - 3,000$ gained profits ✅
5 (5,000 barrels) 15,000$ gained profits ✅

Congratulations to everyone who caught this amazing movement!