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Commentary Disclaimer: This should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments.
CRUDE OIL – FUTURES
Price Action: Multiple bullish Pin Bar signals have formed over the past few days, right at the $63.85 short term support level.
Idea: We are considering trading longs after a retracement into the range of the the recent Pin Bar signals. A wider stop could be considered given current daily volatility on crude oil.
NOTE – You can trade Crude Oil futures via the trading platform we use HERE.
GBPUSD – SPOT
Price Action: Price broke up from a multiple Inside Bar pattern several days ago.
Idea: We are considering trading longs on a retracement lower and after a price action buy signal, whilst price holds above the 1.3830 support level.
NOTE – You can trade Spot GBPUSD via the trading platform we use HERE.
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Chart Commentary Disclaimer: Nial Fuller’s and Learn To Trade The Market’s analysis and comments below should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments. This newsletter is for general educational purposes only. Do not blindly buy and sell the financial products discussed in this newsletter. Always do your own analysis and research and be expressly aware of the risks and rewards in trading or investing in any financial product.