Crude Oil long from resistance
Trade Idea: Buying Crude Oil
Reasoning: The market is testing resistance and trendline. The price is in oversold area and it shows a gaining momentum.
FIRST TARGET
Entry Level: 80.55
Take Profit Level: 88.55
Stop Loss: 78.55
Risk/Reward: 4.61
SECOND TARGET
Entry Level: 84.55
Take Profit Level:92.55
Stop Loss: 82.55
Risk/Reward:3.17
Reasoning: The market is testing resistance and trendline. The price is in oversold area and it shows a gaining momentum.
FIRST TARGET
Entry Level: 80.55
Take Profit Level: 88.55
Stop Loss: 78.55
Risk/Reward: 4.61
SECOND TARGET
Entry Level: 84.55
Take Profit Level:92.55
Stop Loss: 82.55
Risk/Reward:3.17
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