West Texas Oil
Long

WTICOUSD Correctional Rise TP 51.37usd.

252
WTICOUSD Correctional Rise TP 51.37usd. Oil started to make a correction. I recommend the following technique for trading this. The figure shows the yellow thin rectangle. This is the D1ATR range. Apparently, the oil rose higher, indicating that a further rise is expected. So I look forward to back testing to this level. This level is 45.89usd. From this level I move into a long position. The target price is 51.37usd. A STOP: 43.06usd RR: 2

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