The West Texan Intermediate price tag eventually broke out of a sideways market to the upside after consolidating in a major daily horizontal range. Price broke with a bullish momentum candle and closed above the resistance area turning it into a new support level. I believe this signals an exhibiting bullish momentum. A pullback to the broken resistance level is in order. This is where we take our longs.
Entries at 61.50, Stops at 61 & Targets at 65
Trading ideas are subjective. Individual analysis advised.
Entries at 61.50, Stops at 61 & Targets at 65
Trading ideas are subjective. Individual analysis advised.