Daniel Ang

Buying Opportunities in WTI Crude Oil - Sat. Nov 19, 00:46am. Stopped Out Mon, Nov 21 22:24pm -$165.10

Chart CRUDEOIL, H1, 2022.11.18 17:43 UTC, Tradeview, Ltd., MetaTrader 4, Real

The decline in crude oil accelerated below $80 and hit a low at $78.172.on the last trading day of the week. Incidentally, this low was not too far from the 127.0% extension of the decline from $94.011 to $84.906 from $90.243 at $78.661. This was followed a reversal candle bar in the hourly time frame. This was a clear buying signal.

TRADE IDEAS

#1 Bought @ $79.522. Sat. Nov 19, 00:46am

#2 Limit Buy @ $78.900.

Stop @ $77.900. Stopped Out Mon, Nov 21 22:24pm

Target: TBA