USOIL daily best level to buy/hold 24% upside

🔸Today let's review the daily chart for crude oil . Recently price action contained
within well-defined range trading zone. therefore it's recommended to focus on
buying low near range lows.

🔸Strong horizontal support at 67 usd is a great entry point for a swing trade setup
for the bulls, short-term expecting more losses, however downside will be capped
by the strong S/R zone. Bulls should focus on buying low later, once the pullback
is complete near 67 usd.

🔸Overhead resistance set at 81/82 usd, defined by strong horizontal S/R zone
previously confirmed with numerous backtests. Therefore, recommended strategy
for the bulls: buy low near 67 USD TP 1 is 75 USD TP2 is 80 USD final TP/exit at
82 usd, this is +23% gains (unleveraged). obviously, buy/hold swing trade setup,
patience is required and will take more time to hit tp. good luck, traders!

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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

评论:

risk/reward shifting in bulls favor

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gold market short-term update bears maintain control