WTI Crude Oil - updated entry
The USOil is now finding a strong support level under the previous demand area $51.
Already creating a double bottom formation, we now expect a break upwards.
The uptrend should start to form now with prices bouncing above the 50-100 EMA's.
On the retest of the $ 52 level, we can put our pending buy orders. The target is $ 59. We might close part of positions at the 200 EMA. We will monitor price action and update the idea as usual.
Traders, If you find this complete analysis on point, please subscribe for more free market analysis to come.
Already creating a double bottom formation, we now expect a break upwards.
The uptrend should start to form now with prices bouncing above the 50-100 EMA's.
On the retest of the $ 52 level, we can put our pending buy orders. The target is $ 59. We might close part of positions at the 200 EMA. We will monitor price action and update the idea as usual.
Traders, If you find this complete analysis on point, please subscribe for more free market analysis to come.
Transaction en cours
Price approaching our entry areaTransaction en cours
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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.