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CRUDE Oil Potential Bearish Bat and Short Opportunity

CRUDE Oil Potential Bearish Bat and Short Opportunity

We see an emerging Bearish Bat Pattern on the H1 chart. Technical setup of the pattern is as follows:

Trade: Short

Entry: 62.71 – 62.86

Stop: Above 63.00 ( 63.26 Fib 1.13% Extension can be used a new entry Alt BAt )

TP1: 62.50

TP2: 62.10

You can add short at 62.10, Target 61.80



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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

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

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