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Zoen_Trieste
Aug 9, 2018 8:55 AM

Support Buying Opportunity  Long

Crude Oil Futures (Oct 2018)NYMEX

Description

CLV2018 is seemingly in an attractive buy area and demand is flowing in around this triple bottom after a hard selloff earlier. A break lower would result in a swing break and have long lasting effect on this pair. There's a Wyckoff's spring bar on the 4H that is almost complete. Signs of bullishness picking up are evident. Buying current area with stops below the low and looking for 1.5R-2R targets seems reasonable.

Trade closed: stop reached

Taking partial 1R profits whenever there’s such an opportunity is very important
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