The area to watch is 45.69 to 46.16. If crude oil remains above that level the trend is still bullish. A solid close below 45.69 would be bearish or neutral at best. That threshold area, or pivot point area is the low end of the recent range (white rectangle on the chart). I use those areas to determine trend and where I generate potential trades on any asset. Also keeping an eye on net volume to see whether its expanding or contracting into a pivot zone. Even though there was heavy selling today there is still some space between here and there for now.
Stay Curious
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Stay Curious
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。