The recent $11 ten day bull run in Crude is starting to show some price action signs of needing a pullback via the recent two way price action. Tensions in Egypt clearly are bullish for the commodity, but intraday buy signals are mostly available on new breakout pullbacks setups, so will need to wait for the next resistance to be cleared.
I'll look for a deeper pullback to $99, with a SL just below 98, targeting the recent SH (swing highs) at 104.
Kind Regards,
Chris Capre
I'll look for a deeper pullback to $99, with a SL just below 98, targeting the recent SH (swing highs) at 104.
Kind Regards,
Chris Capre