Oil in Compression
WTI has been in Compression since Mid June.
Price is now approximating Support.
There may be enough buyers here to trigger a reversal.
Confirmation would be needed ie. Buying pressure seen with Pinbars, Engulfing Outside Bars, Quadimodo Pattern within the Channel.
Or wait for Channel Break and Retest and enter long.
Trade on chart.
Price is now approximating Support.
There may be enough buyers here to trigger a reversal.
Confirmation would be needed ie. Buying pressure seen with Pinbars, Engulfing Outside Bars, Quadimodo Pattern within the Channel.
Or wait for Channel Break and Retest and enter long.
Trade on chart.
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