Oil Bulish run to continue? - Ichimoku Long Trade Setup
Oil has continued it's bullish run up in price despite the fundamentals being very challenging. I am watching for a drawback to previous price structure, where I'll be looking for a good support candle to form to get long and try to take advantage of this bullish run. We will need to keep an eye on the news though as oil is highly speculative. Any news on a new deal between China and Iran or Russia could send massive shock waves through price. If price fails to get a drop I want for a good entry, or if it fails to hold support, this setup may become invalidated.
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