11.35AM Euro time. Oil should be going lower today. Objective the blue CL then the white dotted LMLP and today possibly the green CL around the 83.15$ level......however from my experience with the Oil mkt, its sure to be a whipsaw move and not a sedate drop. There are plenty of entry points along the way. The mauve/magenta LMLP which is where we are nearly at right now. Price has failed to get to the CL and if this still holds and it breaks the LMLP then a re-test of this line will provide an entry point using B Bands in 5,15 & 30 min TF's. Before the US open i will take my B/E stops and move them down to 85.55 area just a few ticks above the green UMLP.
No comments:
Post a Comment