Bullish Sign: Oil going to hit a yearly new high
USWTI most likely to close a red daily on 10/20 today, while it is more like a pull back to the previous wedge bound (upper bound near 40.6).
Since the break out the wedge on 10/18, the previous short position has triggered the SL. It is a good chance to long right now at the moment with a 50 pips SL. It is likely to hit a yearly new high around 53.
Since the break out the wedge on 10/18, the previous short position has triggered the SL. It is a good chance to long right now at the moment with a 50 pips SL. It is likely to hit a yearly new high around 53.
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.