Crude oil facing strong resistance level at 76.45.
1. if market broken yesterday low at 75.53, market likely to have short term bearish signal.
2. stochastic level right at overbought level.
expected to have reverse action or so call profit taking from recent surged.
suggestion trade:
Initial short at current level
stop loss (resistance level) 76.50
target profit (support level)
TP1 74.00
TP2 72.00
TP3 70.00
*DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISKS*
Good Luck & Happy Trading Life.
1. if market broken yesterday low at 75.53, market likely to have short term bearish signal.
2. stochastic level right at overbought level.
expected to have reverse action or so call profit taking from recent surged.
suggestion trade:
Initial short at current level
stop loss (resistance level) 76.50
target profit (support level)
TP1 74.00
TP2 72.00
TP3 70.00
*DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISKS*
Good Luck & Happy Trading Life.
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.
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.