Crude Oil is still in Minuette-v correction. B-C is yet to complete. Another subminuette wave is more likely to form and breakout from 60.60 level will confirm it. 1st Target is near 57.00 and 2nd target is 54.00. And this setup wil invalidate at level 64.35
Oil Lower High - Short Order
TP & RR: $51.05 (2.38)
Stop Loss: $54.60
REASONS FOR THE TRADE
Oil has entered into a bit of a range recently, but the formation of the lower high on Friday makes me think that we are about to see another lower high, which should then form a lower low. This is where we will be looking to take profit. The Stop Loss...
Vaccine Hope And Breaking Above 43.70 price Zone May Help WTI to Test 48.00 Price Zone. Immediate Support and Buy limit price zone identifying near the 41.65 price zone. stop-loss below 40.00 price zone.
Target 1: 43.00
Target 2: 48.00
As i mentioned yesterday in my signal and technical analysis, the market couldn't reach the 44.00 price point as there was a strong resistance that could reverse the market down for a while. As for today, the market is trying to get up but it has to cross the 41.69 resistance zone to confirm whether the market will go up again or not. We'll just wait and see what...