US oil consolidation offers good opportunities.
Updated
US crude oil's short-term price ranges from support levels 94 dollars to resistance levels 99 dollars, with an equilibrium price around 96.40 dollars.
I expect a continuation of the sideways trend, and I will wait for bearish price action from around 99 dollars to short back to equilibrium 96.40 and then 94 dollars, with stops above the resistance areas.
I wish you the best of luck!
I expect a continuation of the sideways trend, and I will wait for bearish price action from around 99 dollars to short back to equilibrium 96.40 and then 94 dollars, with stops above the resistance areas.
I wish you the best of luck!
Order cancelled
Price showed no signs of bearish price action from levels of resistance, and thus broke to the upside. Idea no longer valid
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