CRUDE OIL (WTI/USOIL) Potential Long Trade From Market Low

15 Mar 2020

hey guys,

27.3 - 28.3 zone proved to be strong support for crude oil.
after a massive Monday's selling rally, buyers show their willingness to buy from the underlined area.

based on that, I think that in case of an occasional retest of the current lows, buying the market is worth trying!

tomorrow I will place a buy limit order on 28.3 level expecting a pullback at least to 30.7 and then... who knows, trailing stop will be applied.

for protection 28.3 is a perfect stop for a pending order!

good luck!