Release of the API and EAI reports on the 16th and 17th of july 2019 respectively did not have much of an impact on market price
However oil seems to be trending well below the 200EMA at the moment
Spotting bearish divergence on the 4HR chart.
I'm of the opinion that prices will make another lower high breaking this OB support and test the $53 price region
Pending the next report this will be my buy zones.
Will ladder down.
However oil seems to be trending well below the 200EMA at the moment
Spotting bearish divergence on the 4HR chart.
I'm of the opinion that prices will make another lower high breaking this OB support and test the $53 price region
Pending the next report this will be my buy zones.
Will ladder down.