Long Oil Trade!

Panjang

U.S. DOLLAR / WTI CRUDE OIL (FX_IDC:USDWTI)

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FX_IDC:USDWTI U.S. DOLLAR / WTI CRUDE OIL

trendanalysis supportandresistance candlestick crude crudeoil wti wtioil commodity commoditytrading

After a false break above the trendline, still, I was anticipating a move lower and perhaps a retest of the bottom trendline for a short entry... that didn't happen and so, we missed out. However, as we inch closer to fill the Shaven Head Candle which is marked on the chart, that same level is also a strong support level - hence the long trade to.. as you might guess, to fill a Shaven Head Candle at 62.83.

Happy Trading folks!

Cheers!

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