Description
⋅
Crude oil lost almost 10% from the 26th of August.
clearly, 43.5 is our new key daily structure and currently, it is the closest strong resistance.
the closest support is quite far.
34.4 - 36.2 is the first strong support based on this year's price action.
the next support is lying within 27.1 - 28.7 also based on this year's price action.
we will look for trading opportunities from these key levels once they will be reached.
p.s remember that it is a conditional trading plan.
I am not predicting a bearish breakout, but give you a plan on how to act if it happens.
good luck and have a great weekend.