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Kav1ka

Crude Oil Settle at the low $70.60

Long
U.S. DOLLAR / WTI CRUDE OIL (FX_IDC:USDWTI)  
Kav1ka  
FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Trend Analysis Support and Resistance Fibonacci crude Oil Crude Oil WTI commodity
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trendanalysis supportandresistance fibonacci crude oil crudeoil wti commodity
T'was a bad day for the bulls in crude. But the good news is the uptrend still intact. Hence, why I believe in the old adage: "The trend is your friend", or the like, "It's only a trend until it bends". Today crude fell after what seemingly appear as a bullish report. Let's not talk about fundamentals at all, but looking at the crude chart we see that it found support at $70.60 level - also in a buy zone. As volatile as this market, anything can happen. "Be greedy when others are fearful, and fearful when others are greedy" ~ W.B.

Happy Trading, folks!

Cheers!
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