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.

crude oil pin bar key level with trend setup 2ndskiesforex

Make sure to watch our latest article on theĀ 2 Most Common Questions Forex Students Ask

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

Related Article