Monday morning saw crude get crushed...down over 4%....with a current low print of $70.53.
Looks like the fib retracement is complete and should begin the advance back soon.
Order flow looks positive for the long setup.
On the fundamentals of why crude took a nosedive....I heard it was New Mexico production hitting all time highs. If that is the news....way oversold in my opinion.
I loaded up with some front contracts for intraday ($71) and the Dec. contracts for the swing ($68.80).
Looks like the fib retracement is complete and should begin the advance back soon.
Order flow looks positive for the long setup.
On the fundamentals of why crude took a nosedive....I heard it was New Mexico production hitting all time highs. If that is the news....way oversold in my opinion.
I loaded up with some front contracts for intraday ($71) and the Dec. contracts for the swing ($68.80).
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.