Oil is an an uptrend right now. Hence, we can see 3 long positions on the chart. Trade 1 is the riskiest trade of the three. It runs up to resistance on the daily chart. Trade 2 is a moderate risk trade at perhaps a better entry price. Trade 3 is the safest long and is about 1.4/1 R/R.
(T.P.) Take Profit = $54.13 (except trade 3 which would be $53.21). Look for an entry reason - a buy signal before entering, good luck!
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Took the trade (trade 1version) in support with a double bottom buy signal & a green candle as a kicker showing momentum. partial T.P. is at $53.21.