Nice place to add to oil longs, falling wedge onto trend line. Hourly moving averages are still very bullish here and price is trading some way below the 200 MA. Stop loss below the previous hourly swing low in case the wedge continues to slide a little.
Falling daily 200MA is the barrier so i'll still be taking long profits at each resistance point before my actual ideal target of $44.
Falling daily 200MA is the barrier so i'll still be taking long profits at each resistance point before my actual ideal target of $44.
Trade closed: target reached
Nice quick profits from this day trade, look for re-entries on swing lows
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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.