WTI Crude Oil - Intraday - We look to Buy
Last time we've had superb success with Oil,
now we have similar setup.
We expect an initial move lower to fail and look to set longs on a break back through 40.45.
We expect a reversal in this move.
Bespoke support is located at 40.45.
Levels close to the 38.2% pullback level of 40.47 found buyers.
We look to buy dips.
Our profit targets will be 41.20 and 41.72
Resistance: 41.20 / 41.72 / 42.65
Support: 40.45 / 39.92 / 38.90
Last time we've had superb success with Oil,
We expect an initial move lower to fail and look to set longs on a break back through 40.45.
We expect a reversal in this move.
Bespoke support is located at 40.45.
Levels close to the 38.2% pullback level of 40.47 found buyers.
We look to buy dips.
Our profit targets will be 41.20 and 41.72
Resistance: 41.20 / 41.72 / 42.65
Support: 40.45 / 39.92 / 38.90
Trade closed: target reached:
Trade closed intraday at 40.98
