Possible Intraday Opportunity to go Long US Oil
We may have an opportunity for a quick long on Oil.
Market is still in a downtrend, but this I see as an opportunity to trade the backing up action (pullback) to the last point of supply before the next leg down.
We've had a structure break which is clearer to see on m5. Will wait for price to drop into the OB and look for a long entry.
If i get this trade right wil take profit around 70.40
Market is still in a downtrend, but this I see as an opportunity to trade the backing up action (pullback) to the last point of supply before the next leg down.
We've had a structure break which is clearer to see on m5. Will wait for price to drop into the OB and look for a long entry.
If i get this trade right wil take profit around 70.40
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