LONG ON USOIL
Oil is currently rising from a major demand zone.
It has broken out of a nice double/triple bottom and a downtrend line.
I expect price to tap into the demand zone as a pullback from its recent break of a high and then continue to rise.
I am buying oil and expecting it to rise to the next supply level for just about 200 pips or a $2 move on.
It has broken out of a nice double/triple bottom and a downtrend line.
I expect price to tap into the demand zone as a pullback from its recent break of a high and then continue to rise.
I am buying oil and expecting it to rise to the next supply level for just about 200 pips or a $2 move on.
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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.