Hey guys,
Sunday, Bloody Sunday!
And as a result, I’m obviously being a lazy af blogger, and just giving a quick weekend update on one of the setups I spoke about last week.
Remember when I was looking at oil... while on the beach? Living that ironic dream of a life?
Well look at what I was saying anyway:
Reveal spoiler
CL Daily
How about that reactivation of the line as support. To the absolute pip.
Now look at where we ended up as the markets closed on Friday night:
CL Daily
Just in case it wasn’t obvious, I definitely still love technicals!
Enjoy what’s left of your weekend guys.
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
Thanks for sharing.
I think that the false breakout was a signal that sellers are on the market at this price. I don't believe in a new high. Let's see :)
Looks like you were spot on, mate!
;)
Oil is an interesting place politically at the moment; Trump pressuring for lower prices, RMB oil contracts, Russia wanting to invest in Iran's O&G sector, Aramco IPO etc. Plenty of price factors.
Crazy macro market!
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