USOIL - Another Rejection at 104 According To Plan, What Next?!
Hi Traders. If you go back to my analysis on 14th - 15th July, I talked about buying opportunities around 95 as price formed a solid rejection at the key support area.
But one thing I did highlight, was to only target around 103 - 105 area, simply because I respect the short-term market structure.
When the market is forming lower highs & lows, it tells you that the sellers are still in control, so every resistance above could be a potential obstacles.
I am still relatively Bearish bias on this tbh, but to activate further selling opportunity we'll need to see a break below 95.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
But one thing I did highlight, was to only target around 103 - 105 area, simply because I respect the short-term market structure.
When the market is forming lower highs & lows, it tells you that the sellers are still in control, so every resistance above could be a potential obstacles.
I am still relatively Bearish bias on this tbh, but to activate further selling opportunity we'll need to see a break below 95.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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