WTI Crudeoil Continues to Wreck Accounts -
Enter your emailThe one thing you should pay the most attentive is the fact that we broke through a major uptrend line.market fell a bit during the trading session on Thursday to crash through the $92 level.
e $100 level could offer a significant amount of psychological resistance just above, perhaps even the $104 level as it was where we broke from the last time. The fact that we ended up forming a nice hammer does suggest that we could get a bit of a bounce, but I think that’s going to be short-lived the way things have been going.
there is going to be a certain amount of noisy behavior in the short term, and therefore you are going to need to be very cautious with your position size
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