USOil sell the pullback opportunity
Oil is shooting up fast with last weeks Trump and China news.
It will need a pullback here to around 56, before it will continue upwards.
Two options here.
The cautious trade would be to wait until price moves down to 56 area before shooting up, go with the trend.
The aggressive trade will be trading the pull back, then the continuation here.
I’m going with trading the pullback.
Stop placed just above last weeks high. 56 the target.
Let’s see
It will need a pullback here to around 56, before it will continue upwards.
Two options here.
The cautious trade would be to wait until price moves down to 56 area before shooting up, go with the trend.
The aggressive trade will be trading the pull back, then the continuation here.
I’m going with trading the pullback.
Stop placed just above last weeks high. 56 the target.
Let’s see
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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.