Crude Oil Looking very Bullish
We can indeed expect crude oil to rise even higher .Crude is sitting above two major supports At 101.83 & 93.67 along with sitting below Resistance Level at 110.61 Which price is likely to break anytime soon. The resistance level is not as strong(Meaning it is weak)Whereas the two support levels at 101.61 and 93.67 are stronger than the resistance point ,We can expect crude to break even higher after breaking previous high.
Set your Take Profit 1 & 2 @114.86 TP1-121.77 TP2 and set your Stop Loss below either support @100.42 & 93.98.
GOOD LUCK.
Set your Take Profit 1 & 2 @114.86 TP1-121.77 TP2 and set your Stop Loss below either support @100.42 & 93.98.
GOOD LUCK.
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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.