CollegeofPips

Could We See the US/OIL Reaching the 63.32 Level ? πŸ‘€πŸ‘€πŸ‘€

Long
TVC:USOIL   CFDs on WTI Crude Oil
πŸ’‘ Trade Idea

πŸ“ˆ Buy Limit USOIL @ 60.92

🎯 Target Profit 63.32

πŸ›‘ Stop Loss 59.73

❌ Do not risk more than 1 % of your account on each trade

πŸ™‚ Good Luck !

Description:

The price is trading within an ascending channel by posting higher highs and lows. Price managed to break the daily resistance (new support) @ 60.95. We expect a re-test of the new support where we have the 38.2 % Fibonacci level retracement. From this level, most probably we will see a move upward to the 63.32 mark.

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