Oil looks bullish in Weekly & Daily supported with good momentum. Price had a parabolic move towards upside last week. Looking for a pullback in H4 to enter the existing trend currently.
Potential trade setup being looked at:
- Entry at 67.33 levels (Fib 61.8% retracement) after ensuring bullish momentum.
- TP - 70 levels
- SL - 65.9 levels
Please note: Oil may change its course and may slide down due to fundamental news such as OPEC meeting outcomes, Trade disputes among countries.
Potential trade setup being looked at:
- Entry at 67.33 levels (Fib 61.8% retracement) after ensuring bullish momentum.
- TP - 70 levels
- SL - 65.9 levels
Please note: Oil may change its course and may slide down due to fundamental news such as OPEC meeting outcomes, Trade disputes among countries.
Order cancelled:
Trade didn't reach the entry level expected. It went up after a Fib 50% pullback.