Tough week for the Crude, so far we have witnessed more than 4$ drop in 2 days...
Now we are at the bottom of the tunnel and hitting daily MA50. It was exactly 11 $ since the top. The same happened in July.
I believe that we have finished with the sell-off and see a horizontal movement till the end of the week!
I will see how the market reacts to the report today and put my long trade.
Target 71.8 with stop loss 65.8
Good Luck!
Now we are at the bottom of the tunnel and hitting daily MA50. It was exactly 11 $ since the top. The same happened in July.
I believe that we have finished with the sell-off and see a horizontal movement till the end of the week!
I will see how the market reacts to the report today and put my long trade.
Target 71.8 with stop loss 65.8
Good Luck!