Previous setup on Oct 01 to long oil between $46 - $46.50 did not go live as retracement was not seen.
WTI Crude has broken out from the green trendline and initial target from the failed descending triangle was almost met(day high at $51.94) on Oct 19.
Volume has been coming down for the past week thus not many buyers are chasing this up move.
A retracement to sub-50 to the orange trendline is possible.
stoploss above $52
risk/reward ratio is 3:1
WTI Crude has broken out from the green trendline and initial target from the failed descending triangle was almost met(day high at $51.94) on Oct 19.
Volume has been coming down for the past week thus not many buyers are chasing this up move.
A retracement to sub-50 to the orange trendline is possible.
stoploss above $52
risk/reward ratio is 3:1
Trade attivo
Went short on Oct 19 after EIA reportNota
Took some profits off the table at closing when WTI was trading near the higher blue trendlineTrade chiuso: obiettivo raggiunto
Orange trendline hit yesterday
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.