There's a great chance that we would see higher prices on Crude Oil and for two reasons only... technically!
1. $63.90 level was taken out which opens up room to go higher.
2. Crude Oil... yes we just discovered this recently, it had broken above the Monthly Down Trendline awaiting a possible retest before a move higher.
So yes, that's the bigger picture.. at least it's what I see anyway! 😊
Happy Trading folks!
Cheers!
1. $63.90 level was taken out which opens up room to go higher.
2. Crude Oil... yes we just discovered this recently, it had broken above the Monthly Down Trendline awaiting a possible retest before a move higher.
So yes, that's the bigger picture.. at least it's what I see anyway! 😊
Happy Trading folks!
Cheers!
Order cancelled
Today's price action didn't go as planned. A pullback to 60.64 level formed a double bottom for what seems to be the beginning of a bullish move higher.Note
Trade closed: target reached
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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.