Today, prices hit the H (March) chart daily demand line; Although I am still bearish looking for prices to test near the 48 and possibly 46 level, in the interim, I believe we may see prices validate resistance between 52.8 and 53.3. 52.82 demand level was created following the 12/14 daily close on the March contract. If prices see a daily close below 51.66 I will immediately look to the lower target; details on chart.
Good trading all!
Good trading all!
Note
4 hour view; possible demand line break, retest level - in line with the daily views3.amazonaws.com/tradingview/snapshots/u/urdmK3ti.png
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Are prices finally going to remain below the 52.44 weekly level? Please see 'Oil - Higher Weekly Low?' chart for details on the 52.44 levels3.amazonaws.com/tradingview/snapshots/w/WtHlH9Eq.png
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currently retesting the 52.82 level; blew right by 52.44 but on fairly low volumeOrdre annulé
Daily closed above the 1/18 breakdown bar; trade closed.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.