Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
After bottoming for the second week of December, Crude Oil has I think formed a medium term bottom off the pin bar lows from Dec. 11th. In the process, it has shown signs of accumulation and formed two intraday breakouts so the bulls clearly have control short term. I’m looking to get long ideally on a pullback towards $87.10 and if it shows massive strength, then a pullback towards the more shallow $87.66 level so watch for price action clues here. Resistance comes in short term at $88.48 and $89.
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