A buy entry between $112.54 and $118.92 for a 1:3 on crude oil. Currently, the daily high for crude oil is approximately $123.63. Changing to a lower time frame on the 4 hourly. The momentum has shifted from bearish to bullish. Therefore, I anticipate that price will go retest the previous high on the daily at $123.61 for a double top or make a lower high of that daily structure.
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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.