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).
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.