Daniel Ang

Buying Opportunities in WTI Crude Oil - Wed, Nov 23, 12:02pm. #1 Filled on Wed, Nov 23, 21:13pm. #2 Filled on Wed, Nov 23, 23:40pm. Closed Out Fri, Nov 25, 10:20am -$39.91.

Chart CRUDEOIL, H4, 2022.11.23 04:06 UTC, Tradeview, Ltd., MetaTrader 4, Real

WTI crude oil overnight rise was less than robust and at the hour (noon) a reversal candle bar appeared in the 60-monites time frame. This suggests prices are about to head lower. As such, it is better to close out the existing long position and re=position longs at lower levels. 

The basis idea remains unchanged. Crude oil is heading higher to re-test the Oct/Nov high of $94.00. Should prices decline later, a better levels may be available.

TRADE IDEAS

#1 Limit Buy @ $79.340.. Filled on Wed, Nov 23, 21:13pm.. Closed Out Fri, Nov 25, 10:20am -$50.37

#2 Limit Buy @ $78.700. Filled on Wed, Nov 23, 23:40pm. Closed Out Fri, Nov 25, 10:20am +$10.46

Stop @ $75.700.

Target: $93.950.