Instrument: USOIL
Position: Sell
Entry: 80.70
1st Target: 76.72
2nd Target: 74.20
Stop Loss: 82.43
Rationale:
USOIL is exhibiting signs of a bearish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 76.72, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 74.20, indicating further potential downside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 82.43, just below the anticipated resistance level. This ensures a controlled exit in case of unexpected market movements.
Disclaimer:
Trading carries inherent risks, and this recommendation should be considered alongside individual risk tolerance and market analysis. It is advisable to employ proper risk management techniques, including the use of stop-loss orders, to mitigate potential losses.
Position: Sell
Entry: 80.70
1st Target: 76.72
2nd Target: 74.20
Stop Loss: 82.43
Rationale:
USOIL is exhibiting signs of a bearish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 76.72, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 74.20, indicating further potential downside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 82.43, just below the anticipated resistance level. This ensures a controlled exit in case of unexpected market movements.
Disclaimer:
Trading carries inherent risks, and this recommendation should be considered alongside individual risk tolerance and market analysis. It is advisable to employ proper risk management techniques, including the use of stop-loss orders, to mitigate potential losses.
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.