#commodities - Crude Oil Futures - Swing failure pattern has knocked out all the longs from the previous low. Relative strength is higher on new lows so sellers are losing strength. STO is primed for a pump. The SFP means price action can be exponential when stopped out longs FOMO back in.
RSI Climbed from 34 to 40 on new low. Buyers taking over.
STO appears to have bottomed out so ready to pump.
Volume. Dropping on new lows supporting weaker selling
Target 1 - 109.
Price 92.80.
Stop loss: 87.90
RSI Climbed from 34 to 40 on new low. Buyers taking over.
STO appears to have bottomed out so ready to pump.
Volume. Dropping on new lows supporting weaker selling
Target 1 - 109.
Price 92.80.
Stop loss: 87.90