Crude Oil BUY setup

TVC:USOIL   CFDs on WTI Crude Oil
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

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

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

Trade active
Trade active: Any pull back upto $49 can be seen as a buying opportunity
Comment: Made a high of 50.65 so far.
Close to out T1: $51
Trade active
Trade closed: target reached: T1: $51 achieved
Comment: 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

Jurassic Park

Comment: Conservative traders can re enter at CMP ($52.10) and on dips up to $51.5
Comment: 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
+1 Reply
tRex88 bearishbull1968
@bearishbull1968, Thank you sir :) _/\_
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