DLavrov
Short

Entry Levels for WTI

FX:USOIL   Crude Oil (WTI)
234 2 12
Price broke Senkou B and gave a signal for opening short trades below the low of the candle. It's is the 1st entry level. Also we can see the support level 43 which reversed prices 2 times. Probably this level will be able to stop down movement for some time. But at the same time we have rising ADX which confirms strong bearish movement and our short trades. The 2nd entry level is below 43, where we can place pending orders. Stop level is above the local swing high. Profit target is the 2nd support level or we can use trailing stop for exit.
GoGreen
24 days ago
Thanks for the chart. I think Oil will touch $43.15 and then $42.07 in next week.
Reply
DLavrov GoGreen
24 days ago
@GoGreen, thank for your comment. Yes, it looks like this!
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