US OIL Long Term

Here we can see a long-term bullish play for oil. Price has broke to the upside to create a new HH and HL, it's currently retesting the most recent "HL" and if it holds we can see a move up to the extensions for targets. This trade can make for a great Risk:Reward.

Stop: 88.6 Targets: 127.2, 161.8 R/R 1:3.15/1:4.5

Stop: 100.0 Targets: 127.2, 161.8 R/R 1:2/1:2.75