CRUDE OIL: Buying On Retracement
CRUDE OIL – FUTURES: Buying On Retracement And After Price Action Signal Above $81.28 Support Level
Price Action: Price formed a Small Bullish Pin Bar Signal late last week (We are not considering trading this signal).
Price moved higher from the prior Bullish Pin Bar Signal that had formed on Tuesday, Oct 25th (We did not consider trading this signal, nor did we mention it).
Price moved higher from the recent Bullish Pin Bar Signal that had formed just above the $81.28 short-term support level (Minor Event Area), on Monday, Oct 24th (We did not consider trading this signal).
This market is bullish above the $81.28 short-term support level.
Potential Trade Idea: We are considering buying on a retracement lower and after a price action signal, at or just above the $81.28 short-term support level (Minor Event Area), which coincides with the recent Bullish Pin Bar Signal that had formed on Monday, Oct 24th.
Price Action: Price formed a Small Bullish Pin Bar Signal late last week (We are not considering trading this signal).
Price moved higher from the prior Bullish Pin Bar Signal that had formed on Tuesday, Oct 25th (We did not consider trading this signal, nor did we mention it).
Price moved higher from the recent Bullish Pin Bar Signal that had formed just above the $81.28 short-term support level (Minor Event Area), on Monday, Oct 24th (We did not consider trading this signal).
This market is bullish above the $81.28 short-term support level.
Potential Trade Idea: We are considering buying on a retracement lower and after a price action signal, at or just above the $81.28 short-term support level (Minor Event Area), which coincides with the recent Bullish Pin Bar Signal that had formed on Monday, Oct 24th.
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