alleytrader

cl, oil, trading Oct 10th

FX:USOIL   CFDs on Crude Oil (WTI)
the last 6 settlements on oil have been inside a 60 cent range so oil has been going no place, so very balanced. Balance leads to unbalance and could have a large move coming so will be watching close for that.

There is good back and forth action inside this balance zone so will trading that sloshing until we find clear direction

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.