If crude stays under $91 its going to crash to $87 soon.
ProjectSyndicate
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find out shortly seems reasonable to me
VasilyTrader
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Are you bearish on WTI?
UnknownUnicorn2830187
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your SL was very close, 95 could've been a nice resistance try out 110$ for a huge order and long term position! now is stable moment to entre, but play it is Smart to recover ! look my updates on oil for more ideas
SkyTrees
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since it broken out, would you suggest bullish if it confirms the structure by testing previous resistance?
VasilyTrader
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@SkyTrees, So the situation here is very strange It invalidated a resistance and broke and closed above then Then returned back below that
I guess it is a manipulation here Let’s wait for now
UnknownUnicorn4430035
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The 87-88 zone was a very strong support level and the strength of this zone broke through the 90-91 resistance level. Despite the fact that there is plenty of oil, market makers take advantage of the moment by artificially increasing the cost of oil with impulse purchases. Most likely we will see a low price for oil, but not in the near future. This idea of @XTrendSpeed is more likely to happen: