Crude oil pulled back from the highs, towards the trendline and previous tops that now act as support.
The RSI at oversold area during an uptrend gives extra confirmation. We will buy at current levels adding more if a reversal candle occurs. Stops below 81.50 targeting 83.60-70.
The RSI at oversold area during an uptrend gives extra confirmation. We will buy at current levels adding more if a reversal candle occurs. Stops below 81.50 targeting 83.60-70.
Note
The trade went as expected... Initial target is met
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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.