Hi everybody !
Today I propose you a nice buying opportunity on Crude Oil. The last Dollar downtrend didn't affect oil market. I think there is here a nice divergence to take. The price of oil could lead up soon.
On the technical view, we can see a nice consolidation of the spring strong uptrend and we are close to have a MACD buying signal. Moreover the 26-MA and 48-MA are converging up which may give us a strong move soon.
Trade setup :
Buy a move above 57.22
Stop Loss : 55.58
Take Profit at 62.89
Best Regards,
Serge
Today I propose you a nice buying opportunity on Crude Oil. The last Dollar downtrend didn't affect oil market. I think there is here a nice divergence to take. The price of oil could lead up soon.
On the technical view, we can see a nice consolidation of the spring strong uptrend and we are close to have a MACD buying signal. Moreover the 26-MA and 48-MA are converging up which may give us a strong move soon.
Trade setup :
Buy a move above 57.22
Stop Loss : 55.58
Take Profit at 62.89
Best Regards,
Serge