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Zoen_Trieste
Jan 21, 2020 1:57 PM

USOIL: Buy Signal  Long

Crude Oil (WTI)FXCM

Description

Oil price is seemingly getting bid at the important 315º @ 5770. Long entries from here with potential targets of 5890, a 45º movement and 6010, a 90º movement. The context to the left dictates a short, but we are going against the tide here to capture a decent return on minimal risk of 30 ticks.

Comment

2R return in less than an hour
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