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.
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