Oil A Buy? Long

Crude Oil (WTI)FXCM

Description

⋅ May 28, 2018 6:33 AM

Oil Looks like it hit a major buying zone:

1) Major support;
2) Touched Up trend line;
3) Still holding above 200 EMA;
4) RSI performing positive reversal is in place ( vertical gray line on chart), signaling a correction in the up trend;

Target(s) 67.50$, 69.25$
Stop: 65.55$

Trade active

⋅ May 29, 2018 1:46 PM

First target 67.50$ reached

Trade closed: stop reached

⋅ Jun 5, 2018 5:47 PM