As posted on 6th October US Oil moved upside when it broke the mentioned levels.
We have quiet a room for "LONG" position. Go for LONG only if it breaks 62.72 and might touch 63.03 and if it breaks this as well it might go further up till 63.34.
For "SHORT" positions plan only if it breaks 62.10 and it might lead to 61.72 and 61.26.
Breaking the trendline should also indicate and upward movement.
We have quiet a room for "LONG" position. Go for LONG only if it breaks 62.72 and might touch 63.03 and if it breaks this as well it might go further up till 63.34.
For "SHORT" positions plan only if it breaks 62.10 and it might lead to 61.72 and 61.26.
Breaking the trendline should also indicate and upward movement.
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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.