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Trader604
Apr 16, 2024 8:09 AM

OIL - Premarket Analysis Apr 16, 2024  Long

WTI CRUDE OILTVC

Description

OIL - Premarket Analysis Apr 16, 2024

Based on Trend Anlaysi, Technical Analysis and Simple Trading Book for pattern recognition.

Trade closed: target reached

Already TP. Now we see Bearish Pennant chart pattern forming.
Comments
JoeChampion
i'm watching a similar trade from 84.70, USOIl broke the downtrend in smaller timeframes and now the current tensions are pushing usoil towards upsides!
Trader604
@JoeChampion, On paper, I scalped at $85.41 and TP at $84.90. Made $55.18 scalping. Too bad it is 1 lot. Gonna increase that. Currently watching for reversal. Target buy entry is between $85.00 - $85.30. Target TP $85.50 and $85.75.
illuminating_trade
Wow good analysis
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