Justiceisfalse

Major support held

FX:USOIL   Crude Oil (WTI)
125 1 2
State of the nation:
So far the major support zone has held
The daily trend up is broken and we are in a down trend since May 6 from 62.61 high.
Inventories are still extremely high and climbing for the most part.
It appears that the larger secular bear is still the main structure.

Short Term Strategies:
Some may choose to go long in to the resistance levels, others may elect to wait for opportune moments to get short at resistance or below 57.93.
I think selling premium on pops remains one of the most interesting plays.
Justiceisfalse
2 years ago
Like a glove - May 25
Reply
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