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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Trade Idea: I’m Looking To Sell CRUDE OIL Whilst Price Remains Under The $60.30 Key Resistance Level – July 19th, 2019

Note On Charts: It’s imperative to your trading success that you are trading with a broker that offers ‘New York Close Forex Charts‘, (a true 5 day chart that aligns with the New York Close).

Chart Commentary Disclaimer: Nial’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards.

CRUDE OIL – I’m Looking To Sell CRUDE OIL Whilst Price Remains Under The $60.30 Key Resistance Level – July 19th, 2019

Trend: Bearish

Relevant Key Levels: Support at $51.20, $54.00 to $55.00  Resistance $66.60, $63.50, $60.30

Price Action: Price has collapsed lower this week after testing the $60.20 Resistance Zone last week (prior Price Action ‘Event Area’ ).

Current Notes: The bias is bearish whilst prices remain contained beneath the $60.20 to $63.20 major resistance zones.

Potential Trade Idea: We will consider selling short on a clear Price Action Sell Signal whilst price remains under the $60.20 resistance area, targeting a move towards the $54.00 to $55.00 area or potentially lower.

NOTE – You can trade CRUDE OIL via the preferred trading platform we use HERE.

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
  1. Mr Ali. July 20, 2019 at 2:56 am

    The way you use to speculate and the way the markets follow your analysis i,t makes me wonder how very good you are in this game, i wish to become like you one day

    Reply
  2. Peter July 20, 2019 at 2:23 am

    Superb

    Reply

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