Unbaam

Oil closes bullishly, ready for rally?

Long
TVC:USOIL   CFDs on WTI Crude Oil
Looks like we closed on TVC oil very bullishly, but there is big supply zone around r1 (20.70 TVC ) on my chart so we need a strong strong push. Yellow line demand from monthly way back. Looking for confirmation on monday, but so far looks decent for longs. GL
Trade closed: target reached: Oil rallyed nicely and is now trying to make bottom on intraday timeframes. For me, time to trade smaller tf only and observe price action for signals.

Comments

Interesting spot to trade intraday
Reply
Good
Reply
Unbaam AliqaisGMTF
@AliqaisGMTF, Thanks. Let´s see if we get confirmation.
+1 Reply
Yes. But beware 25-28 zone... I'll short if WTI goes there
Reply
Unbaam bruno10000
@bruno10000, Good point. Looks like supply there. Let´s see if we get going and how the momentum goes if we start to rally. GL
+1 Reply
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