Oil hitting trendline Long

U.S. DOLLAR / WTI CRUDE OILICE

Description

⋅ Feb 5, 2020 7:54 AM

Great opportunity for oil traders to get in a support level.
WE should bounce nicely on the trend line around 49.50 area. if we break and close below the trend line then look to close out potions potential further downside.

Upper level we can go high as 55-60$ PPB for exit

Trend Analysis