The support and resistance levels are pivot bands and adaptive. Updates will be made about the idea.
You can use supports for profit realization and resistances for stoploss according to your leverage and risk .
You can use supports for profit realization and resistances for stoploss according to your leverage and risk .
Note
Nevertheless, let us pay attention to the level below 60 dollars and prepare our stop loss operations. Btw U.S. Gross Domestic Product (GDP) QoQ isn't so strong. It is good for Brent Crude Oil and WTI.Updates will come .Note
We re not in the negative zone right now ,
global data will shape oil prices. I'il follow.
Trade closed: stop reached
Unless I break the line shown in the figure above, I don't think fast declines will come.Stoploss.
It is better to close this trade and give it as a new idea in a possible movement.
Note
Scenario is a bit confused :).
If you're targeting the 60-65 band, I'd rather wait a little longer.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.