crude oil new update

업데이트됨

(previously even after the breakout we avoided to o=go long)

the recent pullback is the reaction of higher time frame inducement where price made a imbalance and didnt retest the resistance zone

so there 7195 - 7065 will act as short term support and it is also a fair value area from higher time frame
either price will retest this zone and then head towards 8000-8300 level

price tried to retest the zone twice but couldnt mitigated the area
still the area hold major buying interest because it has created a liqudity of new fresh long stop losses underneath

THIS IS JUST ANALYSIS, YET NO CLEAR PICTURE TO INITATE A TRADE

노트

oil stuck in 7300 - 7600 range this to zone to avoid trading in it can lead to both ways destuctions

노트

STILL NO IN FAVOUR TO GO LONG

노트

as predicted swept buyer liquid on breakout and now falling back to 7200-7000 lvls

노트

price was volatile and triggered short and long both sl and now moving further downside check new update