In accordance with COT report and our previous analysis, Oil seems directed to our main entri Role Reversal Level at 55.00
We use price action to enter the first part of the position at 58.50. In case of a break down we will reopen at 55.00
Targets are the role reversal at 65 and the fib 61.8 of the last leg down.
Since anyway the trend is up, we will keep a part of position opened to target the recent high of 2018
We use price action to enter the first part of the position at 58.50. In case of a break down we will reopen at 55.00
Targets are the role reversal at 65 and the fib 61.8 of the last leg down.
Since anyway the trend is up, we will keep a part of position opened to target the recent high of 2018
Trade closed: stop reached