CRUDEOIL Futures, a quite favorable intraday trade
Updated
The Crude Oil Futures have taken a beating for quite some time now, and it is time for quick recovery.
The descending triangle is making a base around very very strong support at 4250. If the price moves sideways or breaks the downtrend, we can keep the SL as on the chart and go for the targets mentioned on the chart. When you trail, always keep your trailing SL at the previous target -30 points and trail.
Happy Investing!
The descending triangle is making a base around very very strong support at 4250. If the price moves sideways or breaks the downtrend, we can keep the SL as on the chart and go for the targets mentioned on the chart. When you trail, always keep your trailing SL at the previous target -30 points and trail.
Happy Investing!
Trade active
T0 done. Holding with 4370 SLTrade closed: stop reached
Trailing SL hit. Booked 17 points only. Still profitable trade.
Related publications
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.