CRUDE NEED TO BREAK 51.3 DOLLAR AND CLOSE ABOVE IN HOURLY TF.. IF IT HAPPENS, THEN WE CAN SEE A HUGE BULLISH MOVE IN CRUDE IN COMING SESSIONS.
EXPECTING 1ST TARGET TO BE 53 DOLLAR++++
WAIT FOR THE BREAKOUT AND ENTER
SL WILL BE 49 DOLLAR
The weekly is favored turning up above 26.34 lows from 2/11/16 & the daily is turning down against the 77.01 highs from 10/3/18. Nearer term while above the 49.30 lows where the 4 & 1 hour are turning up it can correct the cycle lower from the 10/3/18 highs.
Hello like every week a CME and GAP point, so the gap of the week before (blue circle) has finally been really filled, this weekend a new gap is formed (yellow circle orange line) at 8540 for the wick , 8500 for the body, theoretically to fill a gap you have to get the body of the candle but it happens from time to time that we are content with the wick ...
TREND ANALYSIS & TRADE SETUP
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