Hi traders this is my analysis for crudely oil. So last week we startled bottoming out after this big sell off we had in crude oil over the corona virus fears, however we do start the week structured to the upside. So very simply put what we should like to see if we can get a pullback down to broken resistance turning support at the 50.04 level. This will be a a great place this week to start to look for bullish setups and patterns, and if we get the rights kind of setup we’ll be looking to open a long position all the way up to the 53.84 level.
Hope my analysis was helpful for this market.
Support us by giving us a like and follow
As always good luck traders!!!!
Hope my analysis was helpful for this market.
Support us by giving us a like and follow
As always good luck traders!!!!