OIL

5.23.23 In this video I finished up the Natural Gas and then discussed the oil market which is at a resistance but I think it's setting up for a breakout training To go higher. These breakout trades Are not as easy as they look Because they frequently trained like support resistance line Where the market runs some stops when it moves higher but then it quickly reverses and moves lower. So if your thought is that the Market's about to break higher and you're right up against the support resistance line and you don't want large stops... you lose money if the market moves lower Or the market moves higher and runs the stops and then corrects below the line you lose money unless you have a large stop.... so you're basically right but you end up losing money. I try to avoid that And it's not always easy. I'm talking about wash and rinse patterns in the market.