Petroleum (CL) very shy recently
Hi trader, After the sharp crackdown of petroleum, it was obvious that a sharp correction will begin. These last weeks (days), candles, and volumes are small, which means a lack of strength in the move.
2 scenarios:
- We can expect we will assist a correction of the move and then an ascending behavior will occur (red arrows).
- We can expect some volumes that would allow a PULLBACK to the previous trading range.
Let's focus on volumes!
2 scenarios:
- We can expect we will assist a correction of the move and then an ascending behavior will occur (red arrows).
- We can expect some volumes that would allow a PULLBACK to the previous trading range.
Let's focus on volumes!