Crude Oil – Breakout Play Profits, Hits 105 | Mar 4th

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WTI Crude Oil – Breakout Hits 105 Target
​On our Feb 27th market commentary, we suggested ​trading with the trend and watching for a breakout above the intra-day range ~103. On Friday, on the heels of the Russian troop invasion into Crimea, Crude Oil spiked, breaking above the range highs and tagging the 105 target we suggested. 

​Savvy price action traders profited from this as well in the ​members forum as we discussed this setup in there. Now the soft commodity is sitting right on top of this range. If this level holds, then a second attack on 105 is likely. A 4hr close below 103 suggests a likely pullback towards 101.50/00.

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