Oil Long Setup (A Setup)

4 Eyl

Oil is basically in a sideways price action following a predictable range. Overall, there isn't much momentum. However, considering the current sideways move, and taking into consideration key demand levels, it seems it has a high probability of a move to the upside to next supply zone.

I give this setup an 80% chance (A setup). My buy limit has already been triggered, with TP1 and TP2 levels I indicated on chart.

Let's see how it goes.

4 Eyl

Not