Get started
Samo_Danilo

Another bounce for Crude oil from this support?

Long
West Texas Oil (OANDA:WTICOUSD)  
Samo_Danilo Updated   
OANDA:WTICOUSD   West Texas Oil
Trend Analysis Chart Patterns Technical Indicators Crude Oil Crude Oil WTI crudelong crudeanalysis crude crudeoilwti wticrude WTI wtioil
1
0
trendanalysis chartpattern indicator crudeoil usoil crudelong crudeanalysis crude crudeoilwti wticrude wti wtioil
Crude oil is cheap again.
It bounced from this support previously, looking at the daily chart.
Traders await the FED policy meeting and new interest rate announcement. They should pause the hikes for the foreseeable future.
Targeting $71+ and $74+.
Comment:
First target hit.
The second one won't be so easy to hit.

Related Ideas

Samo_Danilo
Crude oil to reverse from 200-day MAs?
Samo_Danilo
Time to enter Crude longs again?
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.