The trend is up. Crude is rising. Possibly to the heights of $75/$80 per barrel.
However, the Day supply zone allows a counter-trend position from ~$63 with a risk of 100 points. The reward on this, to the opposing Week demand zone is 700 points (7:1). This will possibly be where a reversal to the upside begins.
EP: ~63.30
SL: ~64.30
TP: ~56.30
R/R: 7:1
However, the Day supply zone allows a counter-trend position from ~$63 with a risk of 100 points. The reward on this, to the opposing Week demand zone is 700 points (7:1). This will possibly be where a reversal to the upside begins.
EP: ~63.30
SL: ~64.30
TP: ~56.30
R/R: 7:1