CFDs on WTI Crude OilUpdated USOIL on a range 🦐
USOIL on the daily chart is moving froma few weeks within a range between an important support and a resistance around the 82 level.
The market tested a few times the upper and the lower level of the box and no break happened yet.
In these cases we have 2 possible options:
Trade within the range and take long orders at the bottom and short ones at the top or either be patient and wait for a clear break of the range.
In this second case we could wait for a break of the support area and look for a nice short order according to the Plancton's strategy rules.
The market tested a few times the upper and the lower level of the box and no break happened yet.
In these cases we have 2 possible options:
Trade within the range and take long orders at the bottom and short ones at the top or either be patient and wait for a clear break of the range.
In this second case we could wait for a break of the support area and look for a nice short order according to the Plancton's strategy rules.
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