CRUDE OIL SHORT OPPORTUNITY 1D AND 1W CHARTSCRUDE OIL POTENTIAL SHORT
OKAY SO I HAVE BEEN WATCHING CRUDE OIL FOR SOME TIME NOW WATCHING TO SEE HOW PRICE WOULD REACT AFTER A VERY STRONG SELLER PUSH AND OBSTRUCTION OF STRUCTURE ON DAILY TIMEFRAME. AFTER LETTING THE BUYER MARKET CREATE SOME BREATHING ROOM, AS WELL AS A BETTER RATE FOR SELLERS TO SELL FROM IT IS STARTING TO DISPLAY INTEREST ON THE SELLER SIDE. THIS PULLBACK ALSO CREATED A BETTER RISK/REWARD RATIO ON THIS SETUP. WATCH ON 1H AND 4H TIMEFRAMES TO LOOK FOR SELLER POWER TO COME IN FOR MORE PRECISE ENTRIES AND RISK LEVELS. THIS MAY TAKE SOME TIME TO COME INTO FRUITION BUT MARKET IS DISPLAY A HIGH PROBABLE MOVE TO THE DOWNSIDE. EXPECTING A EQUAL MEASURED MOVE TO DOWNSIDE.
I USUALLY DON'T TRADE COMMODITIES TOO OFTEN BUT HUMAN PSYCHOLOGY NEVER CHANGES THEREFORE ALL MARKETS WILL BE SIMILAR WITH SUPPLY AND DEMAND AND WHEN YOU BREAK IT DOWN THAT WAY IT MAKES IT A LOT MORE SIMPLE. THE PRINCIPLES OF SUPPLY AND DEMAND DO NOT CHANGE NO MATTER WHAT FINANCIAL INSTRUMENT YOU ARE TRADING. KEEP YOUR EYE ON THIS PAIR FOR POTENTIAL SHORT OPPORTUNITY !
ALWAYS REMEMBER TO IMPLEMENT PROPER RISK/REWARD WITH EACH SETUP YOU ARE CONSIDERING AND KNOW THIS IS JUST ANALYSIS THERE IS NO GUARANTEE AT ANY SETUP IN ANY MARKET.
CHEERS!
