Bullish Outside Day Signals Reversal?
CL has been orbiting 56 for many months and I've been looking for an outside day to show that the bulls have returned to take it from the long standing support level around 50 back up to the linear regression center at 55.8.
It looks like today might be that day, for the last week I had not allowed myself to even look at crude intraday because it was in chop mode. Today I will at least have a chart of it on my screens to see if there's an entry long.
TLDR: Possible long intraday bias here but be careful about adverse volatility and only take small risk trades.
It looks like today might be that day, for the last week I had not allowed myself to even look at crude intraday because it was in chop mode. Today I will at least have a chart of it on my screens to see if there's an entry long.
TLDR: Possible long intraday bias here but be careful about adverse volatility and only take small risk trades.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.