Hi,
this is a setup for a long or a short position with the same key point.
After the big seasonally short ther is a new opportunity to go long (setup is in the chart) if the red line will hold that means imo that oil will go to 54/56.
If this setup will fail there is a possibility , maybe more interesting, of a fall to main support as is more likely to have during this season.
this is a setup for a long or a short position with the same key point.
After the big seasonally short ther is a new opportunity to go long (setup is in the chart) if the red line will hold that means imo that oil will go to 54/56.
If this setup will fail there is a possibility , maybe more interesting, of a fall to main support as is more likely to have during this season.
Trade active
Trade closed: stop reached
is going to main support, we will buy lower
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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.