WTI Crude Oil – Consolidation Range Holding At Trend Highs | Feb 27th

WTI Crude Oil – In Consolidation Range @ Trend Highs
Consolidating at the trend highs, the soft commodity is stuck between the 103 and 101.45 levels for over 8 days. Intra-day traders can play this range, but have tight stops as the range is likely to collapse soon. For those wanting to trade with the trend, watch for a break above the range, which suggests an attack on 105 is on the cards, but a daily close below 101 suggests further unwinding to 99.45 and perhaps 98.

Crude Oil Daily Market Commentary Feb 27th

Watch our latest video on How to Accelerate Your Learning Curve with Forex Tester 2

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

Verified Profitable Trader

Hi, I'm Chris Capre, Founder of 2ndSkiesForex. I've turned $3,000 into $83,000 in my first 6 months of trading. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. 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 18yrs 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.

Related Article