CRUDEOIL - 11 December 2023

11. Dez. 2023

1. Crude oil has fallen badly for a few days.
   
2. Based on demand and supply - marked dot-to-dot levels
   
3. Today crude has been bullish
   
4. A morning star pattern has been formed, and there is confirmation
   
5. Entered during fib retracement.
   
6. I'll be trailing at 5980 and SL at 5910.
   
7. Current level 5940 is crucial, and we can expect a good up move if bullishness continues.
   

NOTE: This is a contrary trade with a significant risk. This is not a tip but my view of crude.

11. Dez. 2023

Trade ist aktiv

11. Dez. 2023

Anmerkung

Added a few more longs.

11. Dez. 2023

Anmerkung

An uptrend angle of 22 deg is formed. 5960 is an important level that has to be broken

11. Dez. 2023

Anmerkung

If my analysis is right, 5960 will be broken anytime soon

11. Dez. 2023

Anmerkung

Trailing SL to 5920. Higher lows formation is being witnessed

11. Dez. 2023

Trade geschlossen: Stop wurde erreicht

12. Dez. 2023

Anmerkung

View might be correct but it is important to accept the stop loss