Looking for a stop run at previous day high and a sell off to the 40 level. From there will look for aggressive selling near 39.25. Will take a buy if an opportunity is present.
@A_Bula, I'm looking to buy at the lowest possible price. Round about 39.25 if price action shows a high probability setup. However, if you buy now, there can be a possibility of getting trapped around tuesday's (7/28/20) high. It's up to you how you want to play it.
In terms of selling, I'll look to get in @ Tuesdays high if I see a setup. Will see what happens during tomorrow's NY session open.
Comments
Do you expect the price of oil drop today-tomorrow or think that it will keep growing? Could you please share your point of view?
In terms of selling, I'll look to get in @ Tuesdays high if I see a setup. Will see what happens during tomorrow's NY session open.