CL1!: COULD SEE 2009 LOWS BROKEN ON CONTINUED BEAR FORCE! #CRUDE
Traders
We are seeing some what appears to be genuine demand after hitting enormous lows. I think the buying is genuine, however I also think that the move is a pullback move only to the minor highs and will NOT start a new agenda (A new trend). I think the main trend is down and I think due to the massive resistance ceiling I can say this with a lot of confidence.
When trading this it is worth watching USDCAD with this trade, as it will inevitably move hard when Oil breaks the 2009 lows (I suspect Oil will grab a lot of momentum when it breaks the 2009 lows because it will provide a rare technical opportunity to short Oil off of high probability momentum.
---Interested in personalized online tuition or professional level signals packages? Message me here on Trading view or email me with the email address provided on my Trading view page.---
Thank you.
Best of luck
Tom
We are seeing some what appears to be genuine demand after hitting enormous lows. I think the buying is genuine, however I also think that the move is a pullback move only to the minor highs and will NOT start a new agenda (A new trend). I think the main trend is down and I think due to the massive resistance ceiling I can say this with a lot of confidence.
When trading this it is worth watching USDCAD with this trade, as it will inevitably move hard when Oil breaks the 2009 lows (I suspect Oil will grab a lot of momentum when it breaks the 2009 lows because it will provide a rare technical opportunity to short Oil off of high probability momentum.
---Interested in personalized online tuition or professional level signals packages? Message me here on Trading view or email me with the email address provided on my Trading view page.---
Thank you.
Best of luck
Tom
