Buy Crude Oil On The Dip

Buy Crude Oil On The Dip

Crude Oil’s Uptrend Continues, Look To Buy On Pullback

saw a modest downside pullback in price last week, but this market is still buoyant within the overall uptrend. Note the small move higher late last week after a pullback: we were looking to buy weakness in the 57–55 area. We maintain the same view for this week and are looking to buy oil above 54.70 and will continue to watch any weakness/downside pull backs on the 1-hour, 4-hour and daily chart price action buy signals to rejoin the uptrend.

WTI Crude Oil

WTI Crude Oil

Source: Learn To Trade The Market

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