swapwad20089
Long

Support and resistance on crude oil

TVC:USOIL   CFDs on WTI Crude Oil
Positional Trade
Aug 28
Comment: Not able to break the resistance. Hopefully now we are heading for 68$. Short trade can be initiated for 70pips
Aug 30
Comment: Resistance already kicked... lets hope its not strong and we are heading towards 72$...
Sep 04
Trade closed: target reached: All long targets are achieved. Crude oil shown good correction on each resistance level and gave us good profit on long positional from 68 dollars for target of 71 dollor and additional short position on each resistance level. Thought trade lasted for more than 3 weeks but gave pretty good profit.

Happy to close the target.

Comments

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