Trade Idea: I’m Looking To Sell CRUDE OIL Whilst Price Remains Under The $60.30 Key Resistance Level – July 19th, 2019
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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
Relevant Key Levels: Support at $51.20, $54.00 to $55.00 Resistance $66.60, $63.50, $60.30
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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