Significant moves in USOIL (+4.04%) and NATGAS (+1.27%) have headlined the Monday session. For USOIL, we have a key long-term level in play:
Resistance: 38% Monthly Retracement, $103.84
Here's the trade:
1) Sell $103.79
2) Initial Stop loss at $104.26
3) Profit Target at $103.32, 1:1 risk vs reward ratio
Resistance: 38% Monthly Retracement, $103.84
Here's the trade:
1) Sell $103.79
2) Initial Stop loss at $104.26
3) Profit Target at $103.32, 1:1 risk vs reward ratio
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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.