OIL Trading Plan

 

Pattern: Channel Up on 4H.

Signal: (A) Bearish as long as the 42.50 Resistance holds, (B) Bullish if it breaks.

Target (A) 43.30 (Higher High of the wider Channel Up), (B) 40.50 (just below the 4H MA50 and above the dashed Higher Low trend-line)

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Tradingview link:

https://www.tradingview.com/chart/CLU2020/MJX2NArc-OIL-Trading-Plan



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