It is fact that WTI crude oil gained about 10% in October following the OPEC+ decision to cut oil production but it doesn't appear that decision is making a significant impact as the price is unable to break out of the $93.50 area in the last couple of weeks. From a technical standpoint, price action is caught within a consolidation phase between the $93.50 and...
Short WTI-57.50$ stoploss-58.30$ target1 price- 56.75$ target2- 55.80$
Crude Oil Price at support zone 41.28-41.94, Watch out for bullish evidence (significant Price Action) and a potential move to the upside from this major zone. Happy Trading Price Action tracker Skype: PriceActionTool PS: Guys, as you all know, at the moment we can only share ideas via Twitter and Stocktwits, i ve asked Tradingview to add Facebook and Linkedin....
Long on crude oil, based on oversold conditions, and Wave counts