Instrument: USOIL
Position: Sell
Entry: 78.95
1st Target: 76.13
2nd Target: 75.50
Stop Loss: 79.70
Rationale:
USOIL is exhibiting signs of a bearish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 76.13, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 75.50, indicating further potential downside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 79.70, just below the anticipated resistance level. This ensures a controlled exit in case of unexpected market movements.
Disclaimer:
Trading carries inherent risks, and this recommendation should be considered alongside individual risk tolerance and market analysis. It is advisable to employ proper risk management techniques, including the use of stop-loss orders, to mitigate potential losses.
Position: Sell
Entry: 78.95
1st Target: 76.13
2nd Target: 75.50
Stop Loss: 79.70
Rationale:
USOIL is exhibiting signs of a bearish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 76.13, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 75.50, indicating further potential downside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 79.70, just below the anticipated resistance level. This ensures a controlled exit in case of unexpected market movements.
Disclaimer:
Trading carries inherent risks, and this recommendation should be considered alongside individual risk tolerance and market analysis. It is advisable to employ proper risk management techniques, including the use of stop-loss orders, to mitigate potential losses.
GODO Capital Markets
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.
GODO Capital Markets
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.