Oil - Potential intra-week swap levels

22 gru 2016

I believe that oil is starting to breakdown and I am targeting 48.36; however; based on buying/selling climaxes on a 1 hour timeframe, intra-week, I am looking for prices to potentially swap between these levels on it's way down to the bottom of the daily trading range at 50.4. Prices often swap between these buying/selling climaxes as supply/demand levels are validated.

Good trading to all!

30 gru 2016

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