Here is a breakdown of the current Oil Markets (Tech/Fundamental).
To understand how to accurately trade any commodity market one must be in touch with market sentiment and be able to infer from Price Charts Entry/Exits points for Traders and the Mass market.
Currently various restrictions and caps on Oil create a Demand structure and sentiment, as do other elements.. Sentiment is not entirely strong for a south side picture at this current time giving us slight longside bias...
HOWEVER the Tech side looks a little more attractive.. Staring at you are KEY PA levels and some MA's which are giving you an indication as to where you can find market value.
Remember always to utilise common sense. You have a fall. Falls have rebounds and prices do not always move in one line.
Look for semi light longs and Trade small. Take note of both LZ1 and LZ and split positions if comfortable.
To understand how to accurately trade any commodity market one must be in touch with market sentiment and be able to infer from Price Charts Entry/Exits points for Traders and the Mass market.
Currently various restrictions and caps on Oil create a Demand structure and sentiment, as do other elements.. Sentiment is not entirely strong for a south side picture at this current time giving us slight longside bias...
HOWEVER the Tech side looks a little more attractive.. Staring at you are KEY PA levels and some MA's which are giving you an indication as to where you can find market value.
Remember always to utilise common sense. You have a fall. Falls have rebounds and prices do not always move in one line.
Look for semi light longs and Trade small. Take note of both LZ1 and LZ and split positions if comfortable.
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exit for early gajns
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Exit for further gains
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Reminder: Kill your longs
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bit.ly/willsbpa
Free Discord Secret Server:
bit.ly/bpadicsord
Daily Mentoring On Zoom:
bit.ly/prottm
Posts Not financial advice.