Trading Breakouts on US Oil
After rising tensions in the Middle East helped Oil climb 4% to begin the week, crude finds itself in the precarious position sitting atop previous resistance.
After rising tensions in the Middle East helped Oil climb 4% to begin the week, crude finds itself in the precarious position sitting atop previous resistance.
Can an inside bar lead to a continuation of this 1189 pip downtrend ?
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Last week’s sell trade has pushed to a long term support zone and prices may bounce higher from here.
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Gold tags the underside of the 200 day Simple Moving Average (SMA) and the 40 week SMA. The pattern is bearish which could lead to a sell off.