Up and Down for Crude Oil
Updated
We were calling an up and down move since last week for WTI (Crude Oil) so we entered a LONG position targeting at 62.30 for a first.
We expect oil to move around 64 and then go back to 55-56 levels. As you can see in the chart, a downtrend channel is probable.
Let's wait for confirmation before doing anything.
We expect oil to move around 64 and then go back to 55-56 levels. As you can see in the chart, a downtrend channel is probable.
Let's wait for confirmation before doing anything.
Note
It was up and down as expected. See my most recent trade for a follow up.
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