USOIL Long-Term Trend: Bullish
Key Resistance Levels: 69.52, 70.77, 74.18.
Key Support Levels: 67.72, 66.29, 66.00.
The price on the higher time frame failed to break the 61.79 USD mark by posting an engulfing bullish patter which led to a reversal. The price is in clear upward movement now where the buyers are in control of the market.
USOIL Medium-Term Trend: Bullish
On the lower time frame, the price posted a correction count to the strong support around the 67.15 USD. This support coincide with a 61.80% Fibonacci retracement which could lead to a move upward in the same direction of the main trend.
Buy Limit Order @ 67.72
TP 1 @ 69.52
TP 2 @ 70.77
Stop Loss @ 67.07
Trade Safely 🙂
How is it a limit order if the current market price is below the entry price? When you sent the signal idea the price for crude oil was 67.65 so isn’t it supposed to be a buy stop order?
sorry pls, i have by my broker only wti future oct-21 – is that the same ? can i use it for trading ?