Get started
Quant_

Oil Long Position

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
Quant_  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI Crude Oil crudeoillong crudeoilprediction crudeoilanalysis crudeoilforecast crudelong oiltrading oilforecast
0
0
trendanalysis chartpattern indicator usoil crudeoil crudeoillong crudeoilprediction crudeoilanalysis crudeoilforecast crudelong oiltrading oilforecast
Oil Long Position

🔵 Entry: $62.19
🟢 TP & RR: $63.55 (2.62)
⛔ Stop Loss: $61.67

REASONS FOR THE TRADE
✔️ Resistance flipped to support
✔️ Fairly strong volume upwards
📝 I am expecting price to consolidate around the entry level and then continue trending up. Even if this long fails, I certainly don't feel comfortable shorting the trend on a move upwards (or at least until I see some divergence).
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.