Crude Oil Buy Setup Off Key Level | Aug 20th
WTI Crude Oil – Pulling Back For With Trend Setup
In the last month the commodity has hit the 107.75 level and fallen back, with 2x pulling back to the 102.75 level bouncing each time. The last time it formed a pin bar signal off the key level. With the trend still being up since the consolidation has not broken down, traders can look for a price action setup off this level, targeting 105.30 and 107.75 for some really strong reward to risk plays. Only a daily close below 102.21 suggests short term downside.
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