with crude 1 hr moving averages looking bid, I think on the shorter time frame if we can see a break of the resistance line then an order around the 99.50 mark for a long position.
It didnt find support of the previous resistance line. A good lesson to learn is to use the 123 move. closed 1/2 with 40 pips. Other half closed with -15.
Crude is below its daily pivot with all the moving averages set fore a move south. The 252 CCI has been down for a while so not too sure if its still got the momentum to fall but itīs definatly setup for a move lower, with a target of 94.90. Not much price action at the moment. Alternatively, the break of 97 for a move higher.
Crude is below its daily pivot with all the moving averages set fore a move south. The 252 CCI has been down for a while so not too sure if its still got the momentum to fall but itīs definatly setup for a move lower, with a target of 94.90. Not much price action at the moment. Alternatively, the break of 97 for a move higher.
