Crude OIl - 200EMA resistance
There have been 5 instances in the past 1 year where crude has tried to cross back above the 200EMA and each time fallen back down below it the following day..
Makes for a very interesting low risk crude trade...
Use the 200EMA as a SL..long above it..get stopped out below it..
Personally for me if crude can stay above it then certain select crude stocks will continue to do well..
Makes for a very interesting low risk crude trade...
Use the 200EMA as a SL..long above it..get stopped out below it..
Personally for me if crude can stay above it then certain select crude stocks will continue to do well..
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