Crude Oil study
Updated
Crude oil has been trading within a broadening pattern and we will be looking forward to grab the next move depending on the price action.
Currently its at the megaphone resistance. We will wait and watch for now and take a position based on the current candle close
Currently its at the megaphone resistance. We will wait and watch for now and take a position based on the current candle close
Note
Crude after breaking the megaphone top now trading close to the channel median. We will go long near the megaphone top and channel bottom for a good risk reward
Keep watching this space for updates
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