Crude analysis as of 18 aug 2020
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Crude absolutely has no direction. Holding positions for 20 30 pips would be the most appropriate strategy for now which also makes it a difficult market to trade.
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All we can see is prices going back and forth with no clear direction however, knocking $43.50 out would be a bullish signal which might lead to further price increases.
.
Crude absolutely has no direction. Holding positions for 20 30 pips would be the most appropriate strategy for now which also makes it a difficult market to trade.
.
All we can see is prices going back and forth with no clear direction however, knocking $43.50 out would be a bullish signal which might lead to further price increases.