CrudeOil: Short Term Buy Setup In Two Scenarios

Clearly in an uptrend we see that price is in a correction after an impulsive wave up and i keep a closer eye for a breakout above this correction. The better setup would be if we see price keep retracing into a corrective structure, reaching the lower parallel of the set. but if prior that that we have a breakout above the correction we may buy crude oil aiming for the slide parallel (green line)

Comentário:

Same view but the corrective structure has changed a little. I still wait for a retracement to the lower parallel before price rallies