Long

Crude Oil BUY setup

Updated

Crude Oil has formed inverted head and shoulders a breakout can be expected above $49.5

T1: $51
T2: $53.5
T3: $55
T4: $57

SL: $47

Note

Crude oil near the neckline. Is it going to break the neckline?

Note

Aggressive traders can go long now.
Conservative traders can wait to go long above $49.5

Trade active

Any pull back upto $49 can be seen as a buying opportunity

Note

Made a high of 50.65 so far.
Close to out T1: $51

Trade active

Trade closed: target reached

T1: $51 achieved

Note

Conservative traders can exit COMPLETE position at CMP $51.65 as it it now facing the old trend line resistance. We will re-enter the trade upon this trend line resistance breakout.

Aggressive traders can continue to hold their BUY position trailing SL to cost aiming for our T2: $53.5

Regards,
tRex
Jurassic Park

Note

Conservative traders can re enter at CMP ($52.10) and on dips up to $51.5

Note

Trailing SL to cost ($49.5)

Trade closed: target reached

T2: $53.5 achieved

Trade closed: target reached

T3: $55 achieved

Trade closed: target reached

T4: $57 achieved
ALL TARGETS DONE

k314

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