CRUDEOIL - 11 December 2023

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1. Crude oil has fallen badly for a few days.
   
2. Based on demand and supply - marked dot-to-dot levels
   
3. Today crude has been bullish
   
4. A morning star pattern has been formed, and there is confirmation
   
5. Entered during fib retracement.
   
6. I'll be trailing at 5980 and SL at 5910.
   
7. Current level 5940 is crucial, and we can expect a good up move if bullishness continues.
   

NOTE: This is a contrary trade with a significant risk. This is not a tip but my view of crude.

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تم فتح الصفقة

١١ ديسمبر ٢٠٢٣

ملاحظة

Added a few more longs.

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ملاحظة

An uptrend angle of 22 deg is formed. 5960 is an important level that has to be broken

١١ ديسمبر ٢٠٢٣

ملاحظة

If my analysis is right, 5960 will be broken anytime soon

١١ ديسمبر ٢٠٢٣

ملاحظة

Trailing SL to 5920. Higher lows formation is being witnessed

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أغلقت الصفقة: تم الوصول لوقف الخسارة

١٢ ديسمبر ٢٠٢٣

ملاحظة

View might be correct but it is important to accept the stop loss