Crude Oil Bullish Reversal Opportunity
Crude oil prices seem to be facing a strong resistance zone. A potential Bullish reversal may occur if the price breaks the resistance zone and the previous Lower High.
Bulls may eventually face a strong resistance zone around 87.3 till 88.4. If this zone breaks, the likelihood of TP2 will increase.
Trade Plan
Entry @ 79.6
Stop Loss @ 75.08
TP1 @ 84.12
TP2 @ 88.64
No. of Trades: 2
Move SL to Break Even if TP1 hits.
Bulls may eventually face a strong resistance zone around 87.3 till 88.4. If this zone breaks, the likelihood of TP2 will increase.
Trade Plan
Entry @ 79.6
Stop Loss @ 75.08
TP1 @ 84.12
TP2 @ 88.64
No. of Trades: 2
Move SL to Break Even if TP1 hits.
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