Crude Oil: Pullback at support offers BUY oportunity
Crude oil pulled back from the highs, towards the trendline and previous tops that now act as support.
The RSI at oversold area during an uptrend gives extra confirmation. We will buy at current levels adding more if a reversal candle occurs. Stops below 81.50 targeting 83.60-70.
The RSI at oversold area during an uptrend gives extra confirmation. We will buy at current levels adding more if a reversal candle occurs. Stops below 81.50 targeting 83.60-70.
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The trade went as expected... Initial target is met