Trade what we see:
Crude has been on a very long bullish run which ended in an exhaustion phased.
Buyers re-entered the market but were stopped out.
Looking for bearish momentum back to it's first fib level of 72.35
We should meet the MA cross around this level so would seem appropriate to exit the trade.
Crude has been on a very long bullish run which ended in an exhaustion phased.
Buyers re-entered the market but were stopped out.
Looking for bearish momentum back to it's first fib level of 72.35
We should meet the MA cross around this level so would seem appropriate to exit the trade.