Daniel Ang

Buying Opportunities in WI Crude Oil. #1 Limit Buy Order Filled @ $76.370 Fri. Feb 17, 19:13pm. #2 Buy Limit Order Filled @ $75.370 Fri, Feb 17, 22:16pm. Target Amended to $82.00 Tue, Feb 28, 12:17pm.

Chart CRUDEOIL, H4, 2023.02.15 12:26 UTC, Tradeview, Ltd., MetaTrader 4, Real

Chart CRUDEOIL, H4, 2023.02.17 11:34 UTC, Tradeview, Ltd., MetaTrader 4, RealChart CRUDEOIL, H1, 2023.02.17 16:35 UTC, Tradeview, Ltd., MetaTrader 4, RealSince hitting a low of $72.23 on December 9, 2022, WTI crude oil has been rising in a larger degree 3-wave rally. The recent low at $72.15 on February 6 is most likely the start of a second leg of this rally.

Should there be a pullback towards the 50% and 61.8% of $72.15 to $80.57 at $76.36 and $75.37, a buying opportunity may present itself. 

TRADE IDEAS

#1 Buy Limit @  $76.37. Order Filled @ $76.370 Fri. Feb 17, 19:13pm.

#2 Buy Limit @ $75.37. Order Filled @ $75.370 Fri, Feb 17 22:16pm. 

Stop @ $71.90.

Target @ $83.62. Amended to $82.00 Tue, Feb 28, 12:17pm.