PowerTrades

crude- potential breakout play

Long
TVC:USOIL   CFDs on WTI Crude Oil
Crude is showing good signs of playing a potential breakout here for good Risk reward targets of 61.3/62.80 and higher.
we are holding on the higher edge of the profiles here and have a failed wick below as an additional confirmation. we need a bit of a stop run here above 60.30s for the idea to play out.
Idea invalid for hold below 59.60
Comment:
62.85 done with a clean move there.

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.