indiamarketoutlook
Long

Crude Oil view: Channel trade set up

TVC:USOIL   CFDs on WTI Crude Oil


Observations from the chart

- WTI Crude trading in up trend channel since last 1 month

- 20 day EMA crossover above 50 day EMA and 200 day EMA

- 50 day EMA crossover above 200 day EMA



Based on the observations we feel:

WTI Crude to be in positive territory &

If channel trade is to continue there seems to be good opportunity to go long for target of 54-55 with stop below 48.50 on closing basis


Take care & safe trading...!!!

Regards

Indiamarketoutlook
Trade closed: target reached: WTI Crude
CMP 57.16

Channel trade is complete

Here's updated chart

snapshot


Happy trading...!!!
English (IN)
English
English (UK)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out