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Trade of The Week (6th March)

US OIL LONG - Target $82.50

US oil has been in this consolidation phase since November, not really taken any real direction. Following the strong bullish move on Friday, we are simply looking to buy the dips as long as the market holds above $76.

You can see in the chart below the trade idea we have, we are awaiting a pullback into clear demand zone to get long into $82.50. For the purpose of this idea, we have split the demand zone however lower time frame confirmation will be useful for catching this next move with an increased risk: reward ratio.


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