WTI Crude is looking bullish to $38, maybe $40
Price gapped up from Friday's close. A bullish close today could see some upside momentum in prices to $38 where an immediate pending resistance sits. Support at $35.27 without a break below Friday's low of $34.26 could see some favorable RR long set up.
No set up yet, but will be looking for longs on a test to $35.27/$35.30 on a lower time frame chart, targeting $38 with a partial position open targeting $40. Invalidated if price crashes down below $34.26 on a daily close (not a low).
No set up yet, but will be looking for longs on a test to $35.27/$35.30 on a lower time frame chart, targeting $38 with a partial position open targeting $40. Invalidated if price crashes down below $34.26 on a daily close (not a low).
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Trade in play... few minutes ahead of DOE weekly report