Bullish US OIL Trade Idea

6 thg 8

US Oil has bounced back from support with high-volume candles, nearly testing the support level. The price is expected to start moving in a bullish direction. Target profit prices are marked on the chart, and with the stop loss at the designated level, we anticipate a favorable risk-reward ratio for this trade.

Updates will be provided daily.

6 thg 8

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Oil has tested the support price , with high volume and a bullish engulfing candle, we are on a right direction,

7 thg 8

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API Weekly Crude Oil Stock came out bullish. EIA Weekly Distillates Stocks will increase the movement of price today

8 thg 8

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Price is near TP1 , direction is still UP and there is no change in our Analysis. Expecting TP1 and TP2 to hit within this week.

13 thg 8

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TP1 and TP2 hit , we are moving toward TP3 , keeping SL above breakeven