Crude Oil – WTI, Daily Chart With Trend Indicator

WTI with trendviper february 2020

Here is a quick snapshot of Crude Oil in February with a TrendViper signal on a Daily chart.

We can see that after the signal was generated, there was a slight pullback, which is quite normal and expected.

Then the trend continues to go south for two weeks and move from $58.20 to $49.50.

This move could have gained 80 pips.

Crude oil with TrendViper signal and pullback

All in all, this was a valid signal on a daily chart provided by the TrendViper trend indicator.

To avoid getting stopped out on a pullback, a trader has to set an adequate stop loss allowing the trend to ‘breathe’.

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