TradingView
BMYWin
Mar 1, 2016 12:18 PM

To be or not To Be Long

Crude Oil (Brent)FXCM

Description

To break or Not to to break might be tonight!
Comments
olesonya
not to be...
BMYWin
Yes, yesterday not a big break, but only a small break. Still have a higher high 37.21 > 36.96.
mamitko
Imho too obvious :) Btw thank you!
BMYWin
Look like potential buyer is ready there. Shall it a wight lifting pattern?
mamitko
It looks almost like it is. I'm having a long too, but was a bit confused about what are they all waiting for :)
mamitko
sorry for my English :(
mamitko
I think it can be a "false" weight lift. It was an expiration yesterday so people were not opening longs. They were just closing shorts.
BMYWin
Maybe a fake trap. From the transaction volume it is somewhat too small for breaking key pressure. Anyway let's see market final direction.
Mr_Moe
Dear Sir, What do you think about the chart? I mean today, Long too? We gonna break ?
BMYWin
A whole day trade in a small range. It is an adjustment testing trade.
Testing upper side, and testing lower side. 0.5 dollar range. Overheating status seems cool down.
Will it want to break the upper side?
Or will it want to break the lower side?
Let wait and see the final.
More