Crude Oil Breaks the short term bearish trend line
We have entered a Long Trade based on Bullish Cypher pattern and we reached our second target. Crude Oil prices broke the bearish trend line on H4 chart. The bullish move was triggered by the trade talk optimism. Crude Oil March Contracts are trading at 53.13.
We add long at 53.13 and our targets 53.90 and 54.50. Stop Loss: 52.20
Update: We have reached the targets. We close this trade. We have published the forecast update.
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Crude Oil: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility