TradingShot

USOIL (WTI) Previous Resistance turning Support?

Long
TVC:USOIL   CFDs on WTI Crude Oil
We all know WTI oil is bullish. It has been so since the violent bottom last December. The question is where it is better to buy?

Two scenarios:

1. The former Higher High Resistance (red line) has become a Support and the 1D Channel Up breaks aggressively upwards. So far it has provided support twice.

2. The 1D Channel Up pulls back and makes a Higher Low near the inner Higher Low Support (green line).

In both cases my TP is 65.00.

👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)

💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot

🔥New service: next X100 crypto GEMS!
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.