Expected rebound levels of Crude Oil after falling to breakout
In our previous idea we mentioned that the long postilion of crude oil will be active just if we see a clear breakout of the major resistance level of $54-$55...... After failure to achieve that condition , the retesting a support points of the trend line could be possible.
Trade closed: target reached:
we are very close to the support level, the target of $49.20 has been reached, the major support level become very close +-48.50 , so we recommend to start opining a long position and butting a stop loss bellow $47.