Oil, major confluence at 82.61
Updated
There is a major confluence of trendlines and channel lines at 82.61 for tomorrow. The 20-month SMA and previous high levels are also there. I've added some extra lines to make it extra pretty.
Trade closed: stop reached
Confluence target was just about hit at this point, low so far is 82.93, unfortunately, I was stopped out overnight by .37%. Now looks like something to buy with a stop below the confluence, playing it by ear, waiting for tag of 20month which is at 82.36.
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.