WTI OIL TO CONTINUE RALLY AND REACH $121 PER BARREL
Entered a long position on WTI Oil last week as price gave us confirmation that it was going to continue its rally to the upside.
Not only did we get a clear breakout from its downward fan, but we also saw price break above its order block and hold it as support.
If you are looking to buy now rather wait until price retests its order block at 79.134 or until it breaks its key level of resistance at 84.950 and turns it into support. This trade will be invalidated if price breaks below the level of support at 76.377.
TP - 121.307
SL - 74.512
Not only did we get a clear breakout from its downward fan, but we also saw price break above its order block and hold it as support.
If you are looking to buy now rather wait until price retests its order block at 79.134 or until it breaks its key level of resistance at 84.950 and turns it into support. This trade will be invalidated if price breaks below the level of support at 76.377.
TP - 121.307
SL - 74.512