Long legged doji-like candle. Uncertainty on WTIOIL
Today's candle shows clearly that we are reaching another level with lots of uncertainties.
We opened and closed at the same price almost after a nice movement both ways. We have not gone any higher than previous candle so that could be a sign of exhaustion as well. Bulls are trying harder to hit 73.89 to 74.21 range, but many traders out there are starting to open puts (option trading) for what seems to be coming.
We opened and closed at the same price almost after a nice movement both ways. We have not gone any higher than previous candle so that could be a sign of exhaustion as well. Bulls are trying harder to hit 73.89 to 74.21 range, but many traders out there are starting to open puts (option trading) for what seems to be coming.