Instrument: USOIL
Position: Buy
Entry: 73.23
1st Target: 76.10
2nd Target: 78.83
Stop Loss: 71.63
Rationale:
USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 76.10, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at78.83, indicating further potential Upside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 74.22, just below the anticipated Support level. This ensures a controlled exit in case of unexpected market movements