Oil Looks like it hit a major buying zone:
1) Major support;
2) Touched Up trend line;
3) Still holding above 200 EMA;
4) RSI performing positive reversal is in place ( vertical gray line on chart), signaling a correction in the up trend;
Target(s) 67.50$, 69.25$
Stop: 65.55$
1) Major support;
2) Touched Up trend line;
3) Still holding above 200 EMA;
4) RSI performing positive reversal is in place ( vertical gray line on chart), signaling a correction in the up trend;
Target(s) 67.50$, 69.25$
Stop: 65.55$
Trade active
First target 67.50$ reachedTrade closed: stop reached
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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.
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.