Hi Traders!
Our range zone support on US OIL refuses to be broken, and we are heading back towards the 74.72 range zone resistance level. Previously, we spotted a possible triangle break to the downside with a dragon fly doji candle pattern (LINK TO IDEA BELOW), and one of our rules to confirm the break was a break and close below the range zone support at 66.88, which we did not get. This confirms to us that the market is content to remain in the range.
74.72 seems to be the next target, and we can look to continue trading the range with possible shorts with tight stops around this level.
Please remember to like, follow, and comment.
We appreciate your support.
BluetonaFX
Our range zone support on US OIL refuses to be broken, and we are heading back towards the 74.72 range zone resistance level. Previously, we spotted a possible triangle break to the downside with a dragon fly doji candle pattern (LINK TO IDEA BELOW), and one of our rules to confirm the break was a break and close below the range zone support at 66.88, which we did not get. This confirms to us that the market is content to remain in the range.
74.72 seems to be the next target, and we can look to continue trading the range with possible shorts with tight stops around this level.
Please remember to like, follow, and comment.
We appreciate your support.
BluetonaFX
