alleytrader

cl, oil, wti trading for Oct 4th

FX:USOIL   CFDs on Crude Oil (WTI)
after teh big down move a few days back the oil markets are consolidating and forming a balanced trade zone. Balance leads to unbalance so the next move will be a readjustment out of this area and this is looking more to be a long move than short, but will let action control the trade not my bias.
will watch the aprox 1 point range for back and forth trades and then pick a side on a break of the red zone.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.