There is a Minor Pivot Stack in place that is looking quite supportive of Crude Oil.
The market has rallied nicely to these levels and still looks strong despite the recent bearish trend.
With a potential profit target at 59.06 this makes for a good risk reward trade.
Go long if the price rallies through 53.35 and place a stop loss at 50.48.
Trade the February 2019 contract on the ICE Futures exchange with any NFA registered U.S. futures broker, both regulated by the U.S. Commodity Futures Trading Commission.
The market has rallied nicely to these levels and still looks strong despite the recent bearish trend.
With a potential profit target at 59.06 this makes for a good risk reward trade.
Go long if the price rallies through 53.35 and place a stop loss at 50.48.
Trade the February 2019 contract on the ICE Futures exchange with any NFA registered U.S. futures broker, both regulated by the U.S. Commodity Futures Trading Commission.