Crude Oil BUY setup

Aggiornato
Crude Oil has formed inverted head and shoulders a breakout can be expected above $49.5

T1: $51
T2: $53.5
T3: $55
T4: $57

SL: $47

Nota
Crude oil near the neckline. Is it going to break the neckline?

istantanea
Nota
Aggressive traders can go long now.
Conservative traders can wait to go long above $49.5

istantanea
Trade attivo
Trade attivo
Any pull back upto $49 can be seen as a buying opportunity
Nota
Made a high of 50.65 so far.
Close to out T1: $51
Trade attivo
Trade chiuso: obiettivo raggiunto
T1: $51 achieved
Nota
Conservative traders can exit COMPLETE position at CMP $51.65 as it it now facing the old trend line resistance. We will re-enter the trade upon this trend line resistance breakout.

Aggressive traders can continue to hold their BUY position trailing SL to cost aiming for our T2: $53.5

Regards,
tRex
Jurassic Park

istantanea
Nota
Conservative traders can re enter at CMP ($52.10) and on dips up to $51.5
Nota
Trailing SL to cost ($49.5)
Trade chiuso: obiettivo raggiunto
T2: $53.5 achieved
Trade chiuso: obiettivo raggiunto
T3: $55 achieved
Trade chiuso: obiettivo raggiunto
T4: $57 achieved
ALL TARGETS DONE
Chart PatternsTechnical IndicatorsinvertedheadandshouldersTrend AnalysisCrude Oil WTIusoillong

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