FX:USOIL   CFDs on Crude Oil (WTI)
Oil             was in a correction from $51.6/barrel to $39.2/barrel before bouncing to $43.5/barrel. After reaching as high as $43.5/barrel, oil             started to retreat to $41 level. However today oil             has rebounded 5% to the upside, traded as high as $43.8/barrel. The move today confirmed the low at $39.2 as a short term low.
Today move made an engulfing daily candle, which is a bullish reversal signal. Moreover, a break out of the downtrend line on the daily chart is spotted on the chart. A long position is recommended now. If you still have a long position, it is time to hold it and make big profit.
Trade plan:
- Bought 1 spot contract at $43.30
- Stop loss under $41
- Take profit open (update later).

Thanks for reading. Stay Tuned.
Comment: Oil has had a nice day up today after breaking out of the trend line yesterday. The level I'm looking to take profit is $46.00 to 46.10/barrel and wait for it to pull back and buy one more dip. This chart shows why:
Comment: Oil is up 3% today again, trading at 45.8 now. Looking to take profit very soon near the 46 level.
Trade closed: target reached: Oil reached 46.2 and I closed my trade at $46/barrel. A very nice trade. I will wait for pull back and add more. Thanks for following.
good luck
Good job. Too bad there are many shorts who may disagree with you. I'm seeing the same trend.
+1 Reply
Keep posting, great work and thank you!
+1 Reply
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