USO / CL - Bullish price action buy signal from key support
**Market Structure**
*Market has been making higher highs
*Large rejection off of the key support zone of $67 - $66.40
*Intra-day pattern is a 2 bar reversal, daily is a bullish pinbar
**Trading Ideas**
*Go long at an upper break of the pattern for a less aggressive entry ($68) or enter long on a pullback for a more aggressive entry($67-$66.80)
*IV rank in oil is still very high so either get long by selling puts to collect on both direction and premium, or simply get long via /CL or USO
*Market has been making higher highs
*Large rejection off of the key support zone of $67 - $66.40
*Intra-day pattern is a 2 bar reversal, daily is a bullish pinbar
**Trading Ideas**
*Go long at an upper break of the pattern for a less aggressive entry ($68) or enter long on a pullback for a more aggressive entry($67-$66.80)
*IV rank in oil is still very high so either get long by selling puts to collect on both direction and premium, or simply get long via /CL or USO
Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.