There's a great chance that we would see higher prices on Crude Oil and for two reasons only... technically!
1. $63.90 level was taken out which opens up room to go higher.
2. Crude Oil... yes we just discovered this recently, it had broken above the Monthly Down Trendline awaiting a possible retest before a move higher.
So yes, that's the bigger picture.. at least it's what I see anyway! 😊
Happy Trading folks!
Cheers!
1. $63.90 level was taken out which opens up room to go higher.
2. Crude Oil... yes we just discovered this recently, it had broken above the Monthly Down Trendline awaiting a possible retest before a move higher.
So yes, that's the bigger picture.. at least it's what I see anyway! 😊
Happy Trading folks!
Cheers!
Order cancelled:
Today's price action didn't go as planned. A pullback to 60.64 level formed a double bottom for what seems to be the beginning of a bullish move higher.
Comment:
Trade closed: target reached