Buy Idea
Instrument: USOIL
Position: Buy
Entry: 75.78
1st Target: 78.55
2nd Target: 80.55
Stop Loss: 74.22
Rationale:
USOIL is exhibiting signs of a bearish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 78.55, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 80.55, indicating further potential Upside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 74.22, just below the anticipated Supporte level. This ensures a controlled exit in case of unexpected market movements.
Position: Buy
Entry: 75.78
1st Target: 78.55
2nd Target: 80.55
Stop Loss: 74.22
Rationale:
USOIL is exhibiting signs of a bearish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 78.55, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 80.55, indicating further potential Upside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 74.22, just below the anticipated Supporte level. This ensures a controlled exit in case of unexpected market movements.
GODO Capital Markets
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