In Demand Zone - Long bet on Crude [USOIL]

Updated
Symbol : USOIL

USOIL is currently trading in a falling channel & consolidating in demand zone. Breakout of this channel & area will lead to a bullish upmove.

One can Long in USOIL at Current level 72.
SL : Below 70

Target : 75.50 - 78 - 82
Trade active
Currently trading at 71.20-71.35
Long position can be made with SL of 69.50
Trade active
Still trading within a narrow range of 71.50-73

Dollar Index going up because of rate cut news flow and because of rise in DXY, Commodities going down.

long position still active with 69.5 SL
Trade active
Still consolidating between 72-73 levels.
Keep long positions active.

A big move is expected soon!
Trade active
CMP 74.14
Trade active
CMP 75.10
Trade active
CMP 75.70

1st Target reached.

P.S. : My long position is still open.
Trade active
CMP 76.30

$5 in profits as of now.
Trade active
CMP 77.40
Trade active
CMP 79.20
Second target also hit.
$8 in profit.

My long position still open!
Trade closed: target reached
Trailing SL hit at 78

My trading position closed.
Chart PatternsCrude OilTechnical IndicatorslongtradeTrend Analysis

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