We take some profit of out long position recently.
Recent price pattern development is a RANGE Trading.
Trading volume decrease from daily observation, but weekly is still increase. It is indicating the major funds holding their position from short to long position. A position view for crude oil development from long term view. But be caution of short term price going up, but volume decrease. We will enter our long position if price correction or stand above new high for 3 days.
Recent price pattern development is a RANGE Trading.
Trading volume decrease from daily observation, but weekly is still increase. It is indicating the major funds holding their position from short to long position. A position view for crude oil development from long term view. But be caution of short term price going up, but volume decrease. We will enter our long position if price correction or stand above new high for 3 days.
