CRUDE OIL - Long Postion

18 thg 3, 2021

Crude oil looks poised to make its journey down towards the major support / swing level at 63.37 as indicated on attached chart. An entry position LONG around that key level could prove beneficial with a TP of ~70. Oil is still in a strong uptrend on the Daily 200sma so it is likely it will continue to ATH or there abouts after a touch on this support level.

Just a nice set up I see forming but I am no professional so please do your own DD.

Thanks & GL.