jpvil123

Oil Buy

Long
ICEEUR:CB1!   None
2
With the correction phase seeming to be out of the way on this sideways range long term on oil. I expect now with price breaking above the recent resistance levels for a possible long term uptrend to begin sooner than later. With the length and time of the trend involved targets regardless of what trade setup is taken should be far away. I'm using a minimum 100% retracement from the monthly swing low and recent wave established near the bottom. If this trend is as strong and well established as is being hoped for with the structure sofar established this should generally take off from here.
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