Crude Oil BUY setup

Aktualisiert
Crude Oil has formed inverted head and shoulders a breakout can be expected above $49.5

T1: $51
T2: $53.5
T3: $55
T4: $57

SL: $47

Anmerkung
Crude oil near the neckline. Is it going to break the neckline?

Snapshot
Anmerkung
Aggressive traders can go long now.
Conservative traders can wait to go long above $49.5

Snapshot
Trade ist aktiv
Trade ist aktiv
Any pull back upto $49 can be seen as a buying opportunity
Anmerkung
Made a high of 50.65 so far.
Close to out T1: $51
Trade ist aktiv
Trade geschlossen: Ziel wurde erreicht
T1: $51 achieved
Anmerkung
Conservative traders can exit COMPLETE position at CMP $51.65 as it it now facing the old trend line resistance. We will re-enter the trade upon this trend line resistance breakout.

Aggressive traders can continue to hold their BUY position trailing SL to cost aiming for our T2: $53.5

Regards,
tRex
Jurassic Park

Snapshot
Anmerkung
Conservative traders can re enter at CMP ($52.10) and on dips up to $51.5
Anmerkung
Trailing SL to cost ($49.5)
Trade geschlossen: Ziel wurde erreicht
T2: $53.5 achieved
Trade geschlossen: Ziel wurde erreicht
T3: $55 achieved
Trade geschlossen: Ziel wurde erreicht
T4: $57 achieved
ALL TARGETS DONE
Chart PatternsTechnical IndicatorsinvertedheadandshouldersTrend AnalysisCrude Oil WTIusoillong

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