Crude oil is returning to the bullish bat pcz which also happens to be at a high demand level. Lets see the pa over the next few days, but if an additional edge develops we will long in and around this area with the given targets. We are not long for now.
Update soon.
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Beautiful Daily candle so far, holding support and engulfing yesterdays.
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Break of 76.16 gives us a higher high after the higher low - bullish trend confirmed. Looks like we caught the bottom!
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We hit a minor level at 78.5 so a retracement is normal. One could have taken some profit there but we are targeting higher.
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Continuous bullish price action with the higher low, our stop loss is below that one now which puts it in a net positive profit level. 0 risk trade from here on out!
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Looking primed on the 4h timeframe.
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T1 Hit, patience is necessary in this game, locking in partial but massive profits today. Looking for demand to exponentially increase here on out as we head towards the second target of 90$, but really a hard target of 100$