Buy Opportunity
Instrument: USOIL
Position: Buy
Entry: 68.30
1st Target: 71.65
2nd Target: 74.20
Stop Loss: 66.83
Rationale:
USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 71.65, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at74.20, indicating further potential Upside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 66.83, just below the anticipated Support level. This ensures a controlled exit in case of unexpected market movements.
Position: Buy
Entry: 68.30
1st Target: 71.65
2nd Target: 74.20
Stop Loss: 66.83
Rationale:
USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 71.65, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at74.20, indicating further potential Upside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 66.83, just below the anticipated Support level. This ensures a controlled exit in case of unexpected market movements.
GODO Capital Markets
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