CollegeofPips

Could We See the US/OIL Reaching the 63.32 Level ? 👀👀👀

Long
TVC:USOIL   CFD sur Pétrole brut WTI
💡 Trade Idea

📈 Buy Limit USOIL @ 60.92

🎯 Target Profit 63.32

🛑 Stop Loss 59.73

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description:

The price is trading within an ascending channel by posting higher highs and lows. Price managed to break the daily resistance (new support) @ 60.95. We expect a re-test of the new support where we have the 38.2 % Fibonacci level retracement. From this level, most probably we will see a move upward to the 63.32 mark.

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