ZeveJL

US CRUDE OIL - $40 breaks then buys into $41... cautious below

TVC:USOIL   CFDs on WTI Crude Oil
Invalid below 39

If this is the bullrun to break 40 it could be healthy... Tuesday NY session price broke above 39.5 pivot and market structure shifted bullish

this combined with bullish fundamentals I think a retest of $40 is coming and possible break... 50+ potential into 40 from 39.5 here at noon EST 1:1 RR

and then break of $40 could bring more upside


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.