After a rapid move down Oil stalled on support area.
I'll be waiting for more Price action to come , will wait for a reverasl pattern / some accumulation and false break of a low before buying.
Best of luck :-)
Earlier this month RL broke down below recent support and beyond the consolidation zone where price has been trading since mid-2013. The downtrend began to develop a few days after the earnings announcement on 4th February.
Throughout the majority of February price has been trading between the lows of 2014 and 2012 - with 2012 acting as support and 2014 as...