USOUSD trade ideas
Crude - look for opportunities to go long againAfter the y'day upside move in final few hours and earlier today, crude has retraced to .618 levels of previous rise.
this should be a good area of value for fresh longs with stops below .786 fib.
In another alternate scenario, the retrace can get deep to .786 fib and bounce from there.
Entry should be based on a bullish candlestick setup in minimum 15 min tf.
USOIL Trading Plan - 18/Nov/2021Hello Traders,
Hope you all are doing good!!
I expect USOIL to go UP to complete this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
USOILCHECK AND UPDTE. The underlying instrument for USOIL is the light sweet Crude Oil Futures contract which is traded on the CME . West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing.
Historically, WTI has traded closely to Brent and the OPEC basket, but it currently is discounted against Brent crude oil. Historical price data for WTI can be found at the Energy Information Administration of the Department of Energy.