Crude Oil - Struggling to Break
Crude Oil Again Testing the Crucial 50-52 Zone/Area.
If it fails to break UP here, it could well be formation of Triple TOP.
With COT Commercials Starting to turn Weak this may well happen.
But i am not in a hurry to Jump to Conclusions.
I will be interested in this market ONLY if
Either it starts closing above 52 on Daily Charts (For LONG) OR
it Starts closing below 46.50 on Daily Charts (For SHORT).
Until then keep watching CRUDE.
If it fails to break UP here, it could well be formation of Triple TOP.
With COT Commercials Starting to turn Weak this may well happen.
But i am not in a hurry to Jump to Conclusions.
I will be interested in this market ONLY if
Either it starts closing above 52 on Daily Charts (For LONG) OR
it Starts closing below 46.50 on Daily Charts (For SHORT).
Until then keep watching CRUDE.
