24 December 2019
WTI
Crude Oil
Similar to Brent Crude, price has found some supportive structure above the 200 handle but the signal line and entry line remain flat with the entry line still below the signal line, as such there is a bit of a medium term neutral to bullish bias but the bounce from the support handle just above the 200 handle shows good intent for the bullish continuation. As such, will wait for the signal line to get back above the entry line and use the pullback in price towards the handle as an opportunity to go long...
Levels of interest for today
61.69
61.21
60.94
60.14
59.42
(i) Signal line cross over....showing caution
(ii) Flat entry and signal levels
(iii) Supportive H1 200 structure.
Green Pips
WTI
Crude Oil
Similar to Brent Crude, price has found some supportive structure above the 200 handle but the signal line and entry line remain flat with the entry line still below the signal line, as such there is a bit of a medium term neutral to bullish bias but the bounce from the support handle just above the 200 handle shows good intent for the bullish continuation. As such, will wait for the signal line to get back above the entry line and use the pullback in price towards the handle as an opportunity to go long...
Levels of interest for today
61.69
61.21
60.94
60.14
59.42
(i) Signal line cross over....showing caution
(ii) Flat entry and signal levels
(iii) Supportive H1 200 structure.
Green Pips
4&1 All Time Profit:
$37,496
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