In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we take a look at the technical indecision in the Oil markets.
We have seen the Oil markets really take a major move to the downside since the end of April with the latest leg lower just 4 trading days ago. However, looking at these markets from a technical perspective, we can see price held up at the $52 level. That, mixed with the clear indecision over the last day or two, gives us an opportunity to look for a high probability opportunity to buy the Crude Oil market.
The technical level that gives us the confirmation that we are looking for to execute a trade to the upside is 53.68.
Technical Indecision in the Oil Markets – Full Video Analysis
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