Oil Markets Into Monday This Week (18th Nov)
Oil has continued to be subdued post election, with no real demand feeding into it.
Price action consists of strong momentum south side into key area(s) seen previously for longs.
For that reason, I hold a long bias, but only lightly as we are rushing back to lows (no clear strength/investor willingness) and current price action represents the same story (higher chance of low break).
NOT breakout shorting. Just awaiting further longs lower (DCA).
Price action consists of strong momentum south side into key area(s) seen previously for longs.
For that reason, I hold a long bias, but only lightly as we are rushing back to lows (no clear strength/investor willingness) and current price action represents the same story (higher chance of low break).
NOT breakout shorting. Just awaiting further longs lower (DCA).
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