As discussed in yesterday’s plan over @ Voila's Oil Trading (substack) why 69.40 key level will be delivering a strong push towards our 1st top of range target - 72.50.
WTI 4 hour:
WTI is pushing off 69.40 our intraday support.
This buying will need to sustain above the 69.77 daily pivot as we look for a definitive break of 70.35 today… towards the 72.50 major resistance.
We should only be minimizing long risk if price action is indicative of a 69.40 level break here. It’s not right now as the 4hr shows a 20 ema (red) trend holding.
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Trade Plan!
Continued buying above 69.40, long to the next levels:
- 70.35 , 71.70 , 72.50
Strong selling below 69.40, short to the next levels:
- 68.00
Daily pivot is 69.77
WTI 4 hour:
WTI is pushing off 69.40 our intraday support.
This buying will need to sustain above the 69.77 daily pivot as we look for a definitive break of 70.35 today… towards the 72.50 major resistance.
We should only be minimizing long risk if price action is indicative of a 69.40 level break here. It’s not right now as the 4hr shows a 20 ema (red) trend holding.
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Trade Plan!
Continued buying above 69.40, long to the next levels:
- 70.35 , 71.70 , 72.50
Strong selling below 69.40, short to the next levels:
- 68.00
Daily pivot is 69.77
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.