Invezted
Long

USOIL (WTI) potential long setup (hourly-swing)

FX:USOIL   Crude Oil (WTI)
Given the recent signs of strenght this instrument shows(as seen in the chart) , we have a potential buying
opportunity in form of a higher low at or near the level of @58.80ish respectively on a retest of the suport level
@58.30ish , where we could establish a long opportunity , with targets @64 and @66 whereas the initial stop loss
should be placed @58.20 just shy the recent swing low , the first resistance area @59.80ish should be used to judge
the current position and manage it accordingly , a rejection may lead to minimizing of the risk and or pull the SL to
breakeven +...

Summary: swing trade long
Entry: 58.80ish HL (long)
StopLoss: 58.20 SwingLow (below support)
Target: 64/@66
Management: pull SL to breakeven 59.80


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