Buy Opportunity
Instrument: USOIL
Position: Buy
Entry: 68.30
1st Target: 71.65
2nd Target: 74.20
Stop Loss: 66.83
Rationale:
USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 71.65, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at74.20, indicating further potential Upside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 66.83, just below the anticipated Support level. This ensures a controlled exit in case of unexpected market movements.
Position: Buy
Entry: 68.30
1st Target: 71.65
2nd Target: 74.20
Stop Loss: 66.83
Rationale:
USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 71.65, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at74.20, indicating further potential Upside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 66.83, just below the anticipated Support level. This ensures a controlled exit in case of unexpected market movements.
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.