Bullish US OIL Trade Idea

2024年8月6日

US Oil has bounced back from support with high-volume candles, nearly testing the support level. The price is expected to start moving in a bullish direction. Target profit prices are marked on the chart, and with the stop loss at the designated level, we anticipate a favorable risk-reward ratio for this trade.

Updates will be provided daily.

2024年8月6日

注释

Oil has tested the support price , with high volume and a bullish engulfing candle, we are on a right direction,

2024年8月7日

注释

API Weekly Crude Oil Stock came out bullish. EIA Weekly Distillates Stocks will increase the movement of price today

2024年8月8日

注释

Price is near TP1 , direction is still UP and there is no change in our Analysis. Expecting TP1 and TP2 to hit within this week.

2024年8月13日

注释

TP1 and TP2 hit , we are moving toward TP3 , keeping SL above breakeven