LIGHT CRUDE OIL price analysis - 60 % gains possible!
Hello everyone,
Today I'm going to take a look at the oil chart.
- The oil price has risen significantly recently
- A fundamental trend reversal is in the offing
- The last trend high has been approached, but not yet overcome.
- The price is at very prominent resistances
- I now expect a longer-term correction!
The plan
- I would like to buy at the golden pocket of the last relevant long movement, ideally around 45$.
- The zone is supported by a horizontal support.
- My target zone is at the golden pocket of the penultimate short move at approx. 80$.
- If the long-term trend line can be overcome, there is the option to extend the trade for the longer term.
With this in mind,
Greetings & Keep it simple
Max
Today I'm going to take a look at the oil chart.
- The oil price has risen significantly recently
- A fundamental trend reversal is in the offing
- The last trend high has been approached, but not yet overcome.
- The price is at very prominent resistances
- I now expect a longer-term correction!
The plan
- I would like to buy at the golden pocket of the last relevant long movement, ideally around 45$.
- The zone is supported by a horizontal support.
- My target zone is at the golden pocket of the penultimate short move at approx. 80$.
- If the long-term trend line can be overcome, there is the option to extend the trade for the longer term.
With this in mind,
Greetings & Keep it simple
Max
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.