Oil Support&Resistance Levels

Nov 13

Oil forming a rouding bottom pattern at demand zone where it previously tested this zone held and rallied back to 73 area expecting same if this 69 area voilates above sustains that 73 mark will acheive eaily.

key levels to watch for 69 above and 67 below in between it will range as it is doing same as of now. A breakout above or break down below only could give us a good moves.

Nov 13

Trade active

as mentioned ranging and took support at 67 on lower range

Nov 14

Note

still trading in range

Nov 14

Note

took one long entry for the target or range extreme till 69 area.

Nov 14

Note

Target Acheived.

Nov 16

Note

All week traded in zone rounding bottom invalid only breakout of this range expecting good move

Nov 18

Note

A rejection here can long or breakdown here on retesting breakdown area short probability.

Nov 19

Note

trading view technical issue did no print candles for few hours as expected a rejection and price went on test resistance area again.

Nov 23

Note

Range breakout happened on retest long entry made

Nov 23

Note

$1.50 target doen

Nov 28

Note

One more trade this time short

Nov 28

Note

Target Achieved $1

Dec 6

Note

Adding one more trade entry here

Dec 6

Trade closed: target reached

$1 achieved