Crude oil: Go long above today's high

After the crude oil inventories news came out, we observed a drop under the weekly mode in crude, but rather fast, it found support and buyers stepped in, creating a hammer candle pattern.
This is considerably bullish, and to add insult to injury, price was supported right above the highest volume node, while rgmov is in a daily uptrend. Buying over this high in an oversold dip is common sense to me here, specially after it discounted the news like that.

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Cheers,

Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com

注释

Last daily close denotes indecision...a move above it today will be great for the bulls.

交易结束：到达止损

Stop hit, the stop and reverse comes in effect.