OIL : THREE INSIDE REVERSAL ON WEEKLY OR ANOTHER FAILURE?
someone use to say
commodities or consumables - they r consistently in demand. therefore buy @ demand is the safest means of trading them
Last week, oil was going higher, peaking at $85.39 before falling to $78.28 before finishing the week at $81.34.
As far as I can tell, the price has already tested the demand zone at $79.12.
I see a short opportunity if the price movement at 84.85 rejects.
any breakout from $84.85 might bring oil to $91
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
commodities or consumables - they r consistently in demand. therefore buy @ demand is the safest means of trading them
Last week, oil was going higher, peaking at $85.39 before falling to $78.28 before finishing the week at $81.34.
As far as I can tell, the price has already tested the demand zone at $79.12.
I see a short opportunity if the price movement at 84.85 rejects.
any breakout from $84.85 might bring oil to $91
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all