Hello everyone. Crude oil has formed a range as marked on the chart, with the bottom of 93.25 to 95.25 and the ceiling of 114.61 to 117.67.
The bottom has been tested once and bounced back with news that EU may ban the Russian oil. Now the war has been over 10 weeks. I have the feeling that the focus starts to move away.
I recommend not doing anything as price sits in the middle of the bottom and ceiling. By setting up the alarm, we can reminded to have a look at the arrival pattern and price action then.
The bottom has been tested once and bounced back with news that EU may ban the Russian oil. Now the war has been over 10 weeks. I have the feeling that the focus starts to move away.
I recommend not doing anything as price sits in the middle of the bottom and ceiling. By setting up the alarm, we can reminded to have a look at the arrival pattern and price action then.
plan your trade and trade your plan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
plan your trade and trade your plan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.