Oil is basically in a sideways price action following a predictable range. Overall, there isn't much momentum. However, considering the current sideways move, and taking into consideration key demand levels, it seems it has a high probability of a move to the upside to next supply zone.
I give this setup an 80% chance (A setup). My buy limit has already been triggered, with TP1 and TP2 levels I indicated on chart.
Let's see how it goes.
I give this setup an 80% chance (A setup). My buy limit has already been triggered, with TP1 and TP2 levels I indicated on chart.
Let's see how it goes.
Note
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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.