CRUDE OIL LONG WITHOUT A DOUBT

Our Crude Oil Trade idea is not changed.

We added LONG positions to our account @46.20 .

As I mentioned before H4 bar closings abobe 46.80 would confirm us the upside move. And so it did.

When we look at the CRUDE OIL h1 Chart :

Crude Oil price closed the week above MA50 MA100 . .Possible intraday pullback levels are 47.50 and 47.20.

According to H4 chart resistance levels 48.20 and 48.45 .

48.60 is the daily Fibo resistance.

Since we already entered long trade , I will wait to add additional long orders.

I have 2 entry points .

1 . 47.20 with possible pullback

2. H1 bar closing above 48.20 ( which will comfirm me a stronger upside move )

Good Luck

Commento:

And I was right


We added LONG orders @48.20 and CRUDE price is @ 49.05 now .

49.21 is an important intraday resistance . Break out of this level will carry the the price to 50.00 and 50.78

53.00-54.00 are the midterm targets.

Trade chiuso: obiettivo raggiunto:

50.78 has been reached. our new targets are 51.45 and 52.15...

but before 51.45 or from 51.45 there might be a retracement to 49.70 ..

Then 52.15 will be reached .