USOIL daily best level to buy/hold 24% upside

🔸Today let's review the daily chart for crude oil . Recently price action contained
within well-defined range trading zone. therefore it's recommended to focus on
buying low near range lows.

🔸Strong horizontal support at 67 usd is a great entry point for a swing trade setup
for the bulls, short-term expecting more losses, however downside will be capped
by the strong S/R zone. Bulls should focus on buying low later, once the pullback
is complete near 67 usd.

🔸Overhead resistance set at 81/82 usd, defined by strong horizontal S/R zone
previously confirmed with numerous backtests. Therefore, recommended strategy
for the bulls: buy low near 67 USD TP 1 is 75 USD TP2 is 80 USD final TP/exit at
82 usd, this is +23% gains (unleveraged). obviously, buy/hold swing trade setup,
patience is required and will take more time to hit tp. good luck, traders!

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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

Comment:

risk/reward shifting in bulls favor

Comment:

gold market short-term update bears maintain control