Light Crude Oil FuturesUpdated Likely Pullback Today
Wait for confirmation of pullback
1. Enlarge short positions @ 56.45 level
2. Pullback likely back to channel line
3. Target TP @ 52.85 level
1. Enlarge short positions @ 56.45 level
2. Pullback likely back to channel line
3. Target TP @ 52.85 level
Trade active
Price level now back within channel line1. Taken some profit for positions shorted @ 56.45 - 57 levels
2. If day resistance of 56 holds, support level likely to be tested next week
3. If 56 doesn't hold today, be prepared to see higher price levels till end of Nov
Trade closed: target reached
Refer to the latest charts for updated trades.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.