USOIL is at some major trendline and indicator based support zone. Worth looking for longs here around 85.4 SL 84.2
Trade closed: stop reached
Stop was hit the very next day and then we had the manic rally on Poland missile new. Back to weakness, Look for long entry around 81.5-82 again
Note
Trendlines drawn here are broken by the way
Note
USOIL reached 82 (almost). Taking some longs here. SL 81
Note
Key resistance now 82.3-82.5 for short term. Will exit by EOD
Note
Last comment on 17th. Resistance at 82.3-82.5. Crude halted right there and resumed downtrend. Got the move totally wrong but stepped aside at the right time. SL is imp.
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.