CityIndex

Swing trade long for WTI

Long
CityIndex Broker Updated   
NYMEX_DL:CL1!   Light Crude Oil Futures
We saw the pullback into the support area we were waiting for, around the 200-dar EMA on the 4hour chart and weekly pivot point. A bullish engulfing candle also formed at the end of the session, and whilst prices have gapped lower at the open, we're now looking to enter long and target the resistance zone around $90.

Trade closed: target reached

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