Catch a ride on the big black wave!
When you've got moves like that who needs crypto! (Ok I admit, I still love me some Ethereum) But wow what a sick move from oil here! Nice ride from 63.70 to 65.10 in just over 24 hours, thats a wave I'd like to catch everyday.
The question now is will we continue higher? We have a potential breakout above the 65.00 and if we keep this strength going then 69.00 is definitely in the cards. Watch for a potential retest of old resistance at 65.00, weakness and I'll wait for new support for the longer move higher....otherwise....ride that black wave!
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
The question now is will we continue higher? We have a potential breakout above the 65.00 and if we keep this strength going then 69.00 is definitely in the cards. Watch for a potential retest of old resistance at 65.00, weakness and I'll wait for new support for the longer move higher....otherwise....ride that black wave!
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
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