This plan is based on Clone levels. Oil has gained its bullish momentum after the EIA and FOMC rate decision news. Question now is will it continue its upward momentum or is it just one more news release excitement.
Clone levels :
For Upside : 45.80 - 46.06 - 46.50
For Downside: 45.53 - 45 - 44.47 ( if it stays below 45.80 then we may see some down move before continuing up , i will be more comfortable with shorts if the price goes back below 45.5x level)
Note: this is not an trade idea or signal . please do your due diligence before placing the trade.
Clone levels :
For Upside : 45.80 - 46.06 - 46.50
For Downside: 45.53 - 45 - 44.47 ( if it stays below 45.80 then we may see some down move before continuing up , i will be more comfortable with shorts if the price goes back below 45.5x level)
Note: this is not an trade idea or signal . please do your due diligence before placing the trade.
I am a Chart Slave.Thank you TradingView and @nmike.