CRUDE OIL (WTI) USOIL - Posable time for Entry
Updated
Heres a quick one
Looks like there is resistance around the 49.60 price which is roughly where were at now, this also is in keeping with the top of the trend line.
On the upside
So it looks like if price closes over 49.60 we would have broken both resistance and trend, indicating an entry for a long position with targets around 49.90.
On the down side,
if the price bounces off the trend and resistance lines and continues on with the trend we could be in a position to open a Short with targets around 48.65.
Looks like there is resistance around the 49.60 price which is roughly where were at now, this also is in keeping with the top of the trend line.
On the upside
So it looks like if price closes over 49.60 we would have broken both resistance and trend, indicating an entry for a long position with targets around 49.90.
On the down side,
if the price bounces off the trend and resistance lines and continues on with the trend we could be in a position to open a Short with targets around 48.65.
Trade closed: target reached
Boom target hit with short position.
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