US Oil has bounced back from support with high-volume candles, nearly testing the support level. The price is expected to start moving in a bullish direction. Target profit prices are marked on the chart, and with the stop loss at the designated level, we anticipate a favorable risk-reward ratio for this trade.
Updates will be provided daily.
Updates will be provided daily.
Note
Oil has tested the support price , with high volume and a bullish engulfing candle, we are on a right direction, Note
API Weekly Crude Oil Stock came out bullish. EIA Weekly Distillates Stocks will increase the movement of price todayNote
Price is near TP1 , direction is still UP and there is no change in our Analysis. Expecting TP1 and TP2 to hit within this week.Note
TP1 and TP2 hit , we are moving toward TP3 , keeping SL above breakeven
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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.