Crude Oil free trading setup
#CrudeOil #Tommy ***
- Here is crude oil 1hr. Currently in a short term perspective, we highly need to monitor the orange down trendline and the green upward channel.
- If bottom of the green channel fails to support, we can expect some correction. On the other hand, if it breaks the orange upward trendline above, we might expect some bullish momentum.
- Personally I am looking forward to enter short once bottom of the green channel gets broken below, and enter long once the orange trendline gets broken above.
- If oil breaks the bottom of the channel and enters correction phase, 31.60~32.20 seems like a good area to enter long.
- There is a major resistance area around 34.20~34.60. It is important to check if it can make a higher high this week. The recent high is 35.18 by the way.
- Here is crude oil 1hr. Currently in a short term perspective, we highly need to monitor the orange down trendline and the green upward channel.
- If bottom of the green channel fails to support, we can expect some correction. On the other hand, if it breaks the orange upward trendline above, we might expect some bullish momentum.
- Personally I am looking forward to enter short once bottom of the green channel gets broken below, and enter long once the orange trendline gets broken above.
- If oil breaks the bottom of the channel and enters correction phase, 31.60~32.20 seems like a good area to enter long.
- There is a major resistance area around 34.20~34.60. It is important to check if it can make a higher high this week. The recent high is 35.18 by the way.
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Telegram: bit.ly/Tommy_Main
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