Crude oil CLN2020 is going back at least to 26-27 zone.
Pattern: Channel Up on 4H. Signal: (A) Bullish as long as the (red) Inner Higher Low trend-line holds. (B) Bearish if th Channel Down breaks downwards. Target: (A) 35.00 and 37.00 respectively (near the two Resistance levels). (B) 26.00 (just above the Symmetrical Support). ** Please support this idea with your likes and comments, it is the best way to keep...
The July delivery contract is seemingly in a decent spot for buyers. Having retested the bullish structural gap area, oil is now trading at a price where many players are waiting for it choose the direction, which will ultimately accelerate the consequent move as players book profits/losses. This can be interpreted as having greater control of risk, as a $1.5K...