Forexcues

WTI (CRUDE OIL) shortterm forecast

Long
Forexcues Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Hi dear traders.
WTI (Crude OIL) created nice trend channel started from 73.37. Upper border of the channel is 75.60.
Although, oil prices is moving between these prices from 16 December, as soon as it will jump to 77.55 level.
This is my private opinion and this is good opportunity for buyers.

Signal characteristics:
WTI will move down firstly, then possibly impulse here. Small impulse will reach to 76.29. Then will come retracement. It will retest 75.80-76.00 secondly.
As a resut, second impulse will take us to target.

Of course, we need entry, take profit and stop loss levesl for signal:
ENTRY: 75.62
TP 77.50
SL 74.25

Signal can reach our target during this week. Do not forget to put Stop Loss because trading without SL is gambling only. This will be non-professionalism.

Good luck and follow us ))
Comment:
Already +100 pips achieved!
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