US - Oil How to trade
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Unless prices of US Oil go above and sustain above 73.475, it will remain in down trend.
What Next
1. 70.95 is a strong support for the commodity.
2. If that is broken in the next working day, 70 is a very strong support. Here from the last swing started. Remember this is the level from where evening session shot up in the past.
3. 66.99 is the 23.6% level, which will act as the next support.
But, what next how to trade in the next week:
But, how will be trade? For us answer is very simple. Be watchful for Monday and act as under:
Watch Monday's candle of 12:15 p.m. (Morning Session) mark it and then watch 10:19 (p.m.) candle of (evening session) If 10:19 p.m. Trend may then get cleared by Tuesday.
Unless prices of US Oil go above and sustain above 73.475, it will remain in down trend.
What Next
1. 70.95 is a strong support for the commodity.
2. If that is broken in the next working day, 70 is a very strong support. Here from the last swing started. Remember this is the level from where evening session shot up in the past.
3. 66.99 is the 23.6% level, which will act as the next support.
But, what next how to trade in the next week:
But, how will be trade? For us answer is very simple. Be watchful for Monday and act as under:
Watch Monday's candle of 12:15 p.m. (Morning Session) mark it and then watch 10:19 (p.m.) candle of (evening session) If 10:19 p.m. Trend may then get cleared by Tuesday.
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