OIL Bulls Aiming For W H5 Camarilla Pivot

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

Oil made a retracement and the price bounced again. There are two POC zones where we might expect a bullish bounce.

38.28-38.69 is the first POC zone. There is a confluence of 61.8, W H3 and bullish order block. If the retracement is deeper than watch for 37.47-37.81. 88.6 is one of the best levels to make a new entry and we should see a fresh bounce. The first target is 38.58 followed by 39.26, 39.81 and 40.89. The final target is the W H5 camarilla 41.13.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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